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2. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Koonce Office Supplies Balance

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2. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Koonce Office Supplies Balance Sheet December 31, 2014 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 140,000 20,000 160,000 $320,000 Cash $ 130,000 Accounts receivable 100,000 Inventory 110,000 Prepaid insurance 60,000 Stock investments 170,000 Land 180,000 Buildings $210,000 Less: Accumulated depreciation (40,000) 170,000 Trademarks 140,000 Total assets $1.060.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $240,000 500,000 $740,000 $1,060,000 a. $660,000 b. $350,000 c. $490,000 d. $390,000 u. WUUUU 4.Use the following data to determine the total amount of working capital. Koonce Office Supplies Balance Sheet December 31, 2014 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 140,000 20,000 160.000 $320,000 Cash $ 130,000 Accounts receivable 100,000 Inventory 110,000 Prepaid insurance 60,000 Stock investments 170,000 Land 180,000 Buildings $210,000 Less: Accumulated depreciation (40,000 170,000 Trademarks 140,000 Total assets $1.060.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $240,000 500,000 $740,000 $1.060,000 a. $240,000 b. $390,000 c. $130,000 d. $180,000 ali

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