Question
Cash $200,000 Marketable Securities $10,000 Accounts Receivable $300,000 Inventories $10,000 Prepaid Expenses $10,000 Land $100,000 Building $1,000,000 China, glass, etc. $200,000 Accumulated Depreciation $300,000 Accounts
Cash $200,000
Marketable Securities $10,000
Accounts Receivable $300,000
Inventories $10,000
Prepaid Expenses $10,000
Land $100,000
Building $1,000,000
China, glass, etc. $200,000
Accumulated Depreciation $300,000
Accounts Payable $200,000
Accrued Expenses $100,000
Long-term debt $230,000
Common stock $700,000
Retained earnings $300,000
Based on information above, which one is the correct amount for total assets?
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
