Question
A company has the following assets: Buildings and Equipment, less accumulated depreciation of $600000 $24000000 Copyrights 1650000 Patents 3800000 Land 5340000 The total amount reported
A company has the following assets:
Buildings and Equipment, |
| |
less accumulated depreciation of $600000 | $24000000 | |
Copyrights | 1650000 | |
Patents | 3800000 | |
Land | 5340000 |
The total amount reported under Property, Plant, and Equipment would be
$34790000.
$29340000.
$27800000.
$30990000.
Using the following data for Buffalo Industries, compute the return on assets (rounded).
Net Income | $140000 |
Total Assets 12/31/22 | 2310000 |
Total Assets 12/31/21 | 1540000 |
Net Sales | 210000 |
7.3%
10.9%
6.1%
9.1%
What is the total stockholders' equity based on the following account balances?
Common Stock | $2500000 |
Paid-In Capital in Excess of Par | 130000 |
Retained Earnings | 580000 |
Treasury Stock | 30000 |
$3310000.
$3180000.
$2370000.
$2920000.
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