Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $180,000 Accounts Payable $55,000 Marketable Securities $100,000 Short-term Loans $70,000 Property $400,000 Bonds Payable $300,000 Intangible
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $180,000 | Accounts Payable | $55,000 |
Marketable Securities | $100,000 | Short-term Loans | $70,000 |
Property | $400,000 | Bonds Payable | $300,000 |
Intangible Assets | $80,000 | Shareholders' Equity | $500,000 |
Compute the total assets and total liabilities & equity based on the provided balance sheet.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
