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 | 3,400,000 |
Accounts Receivable | 1,700,000 |
Inventory | 1,650,000 |
Prepaid Expenses | 760,000 |
Total Current Assets | ? |
Property, Plant, Equipment | 8,800,000 |
Accumulated Depreciation | 6,000,000 |
Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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