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ABC Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 2,200,000 Accounts Receivable 1,100,000 Inventory 1,050,000 Prepaid Expenses
- ABC Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 2,200,000 |
| Accounts Receivable | 1,100,000 |
| Inventory | 1,050,000 |
| Prepaid Expenses | 520,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 6,400,000 |
| Accumulated Depreciation | 3,600,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Managerial Accounting
Authors: James Jiambalvo
4th edition
9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797
