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A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash $ 40,000 Current liabilities $ 75,000 Accounts receivable 55,000 Long-term
A corporation reports the following year-end balance sheet data. The company's working capital equals:
| Cash | $ | 40,000 | Current liabilities | $ | 75,000 | ||
| Accounts receivable | 55,000 | Long-term liabilities | 35,000 | ||||
| Inventory | 60,000 | Common stock | 100,000 | ||||
| Equipment | 145,000 | Retained earnings | 90,000 | ||||
| Total assets | $ | 300,000 | Total liabilities and equity | $ | 300,000 | ||
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Fraud Auditing And Forensic Accounting
Authors: Tommie W. Singleton, Aaron J. Singleton, G. Jack Bologna, Robert J. Lindquist
3rd Edition
0471785911, 978-0471785910
