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ABC Ltd. has the following information for the year ended December 31, 2023: Item Amount ($) Cash 650,000 Accounts Receivable 320,000 Inventory 270,000 Prepaid Expenses
- ABC Ltd. has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 650,000 |
| Accounts Receivable | 320,000 |
| Inventory | 270,000 |
| Prepaid Expenses | 140,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 2,600,000 |
| Accumulated Depreciation | 1,000,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
