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Compute each of the following: 1. Total current assets_______________ $ 2. Total property, plant, and equipment ___________$ 3. Total assets_____________ $ 4.Total current liabilities_____________ $
Compute each of the following:
1. Total current assets_______________ $
2. Total property, plant, and equipment ___________$
3. Total assets_____________ $
4.Total current liabilities_____________ $
5. Total stockholders equity________________ $
Presented below is the trial balance of Hightower Corporation at December 31, 2017 Debit Credit $295,000 Cash Sales Revenue Debt Investments (trading) (at cost, $218,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable $12,150,000 230,000 7,200,000 448,000 416,000 135,000 682,000 3,000,000 95,000 390,000 1,560,000 204,000 144,000 652,000 228,000 38,000 1,350,000 317,000 895,000 120,000 1,350,000 900,000 1,500,000 90,000 Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par 240,000 1,500,000 287,000 293,000 117,000 120,000 $18,473,000 $18,473,000 TotalsStep by Step Solution
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