Question
1. Financial statements for Cancun Corporation are presented below. Cancun corporation Comparative balance sheet December 31 Assets 2010 2009 Cash $120,000 $110,000 Accounts receivable (net)
1. Financial statements for Cancun Corporation are presented below.
Cancun corporation
Comparative balance sheet
December 31
Assets 2010 2009
Cash $120,000 $110,000
Accounts receivable (net) 135,000 95,000
Inventory 270,000 240,000
Property, plant, and equipment (net) 750,000 800,000
Total assets $1,275,000 $1,245,000
Liabilities and Stockholders
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
