ABC Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash
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Question:
- ABC Company has the following information for the year ended December 31, 2023:
Item | Amount ($) |
---|---|
Cash | 1,400,000 |
Accounts Receivable | 700,000 |
Inventory | 650,000 |
Prepaid Expenses | 360,000 |
Total Current Assets | ? |
Property, Plant, Equipment | 4,800,000 |
Accumulated Depreciation | 2,100,000 |
Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
Posted Date: