Question
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2015 Income Statement Assets Liabilities &
Consider the following abbreviated financial statements for Parrothead Enterprises:
| PARROTHEAD ENTERPRISES |
| PARROTHEAD ENTERPRISES | |||||||
| 2014 and 2015 Partial Balance Sheets |
| 2015 Income Statement | |||||||
| Assets |
| Liabilities & Owners Equity |
| Sales | 12,276 | ||||
|
| 2015 | 2014 |
|
| 2015 | 2014 |
| Costs | 5,917 |
| Current assets | 969 | 990 |
| Current liabilities | 354 | 495 |
| Depreciation | 1,085 |
| Net fixed assets | 3,594 | 4,360 |
| Long-term debt | 2,054 | 2,154 |
| Interest | 184 |
In 2015, Parrothead Enterprises purchased $1,245 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell?
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Clever Girl Finance Learn How Investing Works Grow Your Money
Authors: Bola Sokunbi
1st Edition
1119696739, 978-1119696735
