Question
[8:42 PM, 11/10/2022] Mazzz: 25 Below is an excerpt from Popcorn Companys balance sheet on December 31, 2021. Based on this information, what is the
[8:42 PM, 11/10/2022] Mazzz: 25 Below is an excerpt from Popcorn Companys balance sheet on December 31, 2021. Based on this information, what is the net book value of Popcorn Company's long-term assets?
Accounts payable
81,100
Accounts receivable
76,200
Accumulated depreciation
19,500
Allowance for doubtful accounts
3,900
Cash
142,000
Equipment
81,000
Multiple Choice $275,800 $100,500 $72,300 $61,500 [8:43 PM, 11/10/2022] Mazzz: 26 Fun Fitness reported the following balances for 2021. Calculate gross profit that will appear on Fun Fitness' income statement for the year ended December 31, 2021.
Cost of goods sold 271,400
Income tax expense 30,400
Interest expense 17,300
Gain on sale of building 22,000
Operating expenses 395,700
Revenue 784,000
Multiple Choice $121,600 $512,600 $116,900 $91,200
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