Question
A company has the following account balances: Cash at bank 27,400 Accounts payable 20,400 Inventory 22,700 Accumulated depreciation 17,200 Accounts receivable 16,600 Mortgage payable 115,000
A company has the following account balances:
Cash at bank 27,400 Accounts payable 20,400 Inventory 22,700 Accumulated depreciation 17,200 Accounts receivable 16,600 Mortgage payable 115,000 Equipment (cost) 124,000 Dividends 8,600
Net Assets would be: a.$46,700 b.$38,100 c.$29,500 d.$53,300 e.None of the above
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Wiley Cmaexcel Learning System Exam Review 2018 Textbook Part 2 Financial Decision Making
Authors: Ima
1st Edition
1119479134, 978-1119479130
