Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash $34000 Receivable $34000 Supplies Inventory $7500 Prepaid Expenses $12250 Other Current Assets $6400 Total Current Assets $94150 Land, Bldg & Equipement $120000 Total assets

Cash $34000
Receivable $34000
Supplies Inventory $7500
Prepaid Expenses $12250
Other Current Assets $6400
Total Current Assets $94150
Land, Bldg & Equipement $120000
Total assets $214150
Accounts payable $13500
Accrued Laiabilities $34000
Current portion of ling term debt $12000
Long term debt $84000
Total liabilities $143500
Unrestricted net assets $45000
Restricted Net Assets $25650
Total liabilities & net assets $214150

Use the given balance sheet for a healthcare organization to answer the following question: Please explain the answer in detail. How much is the total equity of this organization? 1) $25650, 2) $70650 3) $84000 4) $94150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Environmental And Sustainable Finance

Authors: Vikash Ramiah, Greg N. Gregoriou

1st Edition

012803615X, 978-0128036150

More Books

Students also viewed these Finance questions