Question
December 31, 2020 2019 Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities $ 40,000 $ 7,000 41,000 44,000 71,000
December 31, 2020 2019 Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities $ 40,000 $ 7,000 41,000 44,000 71,000 63,000 2,000 5,000 Note payable (for inventory purchases) 25,000 12,000 Accounts payable 46,000 40,000 Accrued liabilities 13,000 17,000 Income and other taxes payable 21,000 18,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
