Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $480,000 Accounts Payable $170,000 Marketable Securities $220,000 Short-term Loans $160,000 Property $650,000 Bonds Payable $500,000 Intangible
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $480,000 | Accounts Payable | $170,000 |
Marketable Securities | $220,000 | Short-term Loans | $160,000 |
Property | $650,000 | Bonds Payable | $500,000 |
Intangible Assets | $140,000 | Shareholders' Equity | $900,000 |
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
