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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
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