Question
D Question 23 The end-of-year statement of financial position (balance sheet) for ABC Inc. consisted of the following amounts: Cash $75,000 Accounts receivable $250,000 Property,
D Question 23 The end-of-year statement of financial position (balance sheet) for ABC Inc. consisted of the following amounts: Cash $75,000 Accounts receivable $250,000 Property, plant, and equipment 350,000 Long-term debt 200,000 Common shares 500,000 Accounts payable 100,000 Inventory 175,000 Retained earnings 1 pts Refer to ABC Inc. What is the retained earnings balance at the end of the current year? $550,000 $50,000 O $800,000 O $850,000 TFC Limited has the following balances: Cash $234,000 Accounts payable $ 97,000 Inventories 121,000 Notes payable (due 2022) 211,000 Land 453,000 Accounts receivable 46,000 Refer to TFC Limited. How much is current assets? O $401,000 $808,000 $355,000 $280,000
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