Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $80,000 Accounts Payable $15,000 Investments $50,000 Short-term Loans $25,000 Property, Plant & Equipment $200,000 Bonds Payable
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $80,000 | Accounts Payable | $15,000 |
Investments | $50,000 | Short-term Loans | $25,000 |
Property, Plant & Equipment | $200,000 | Bonds Payable | $100,000 |
Intangible Assets | $30,000 | Shareholders' Equity | $190,000 |
Determine the total assets and total liabilities & equity based on the given balance sheet.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
