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explain step by step please i The following totals are taken from the December 31.20 balance sheet of Bartholomew Company: Current $350,000 Current liabilities 800,000
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i The following totals are taken from the December 31.20 balance sheet of Bartholomew Company: Current $350,000 Current liabilities 800,000 Hong term liabilities 240,000 270,000 Additional information: (a) Abuilding costing SI00,000 was purchased by taking out a mortgage. Since the building serves as collateral on the mortgage loan, both have been excluded from the financial statements. (b) Cash in the amount of s45,000 is in a restricted fund for the purchase of equipment This been included n Current Assets, (e) include loan orsE0,000, of this loan, s15.000 must be repaid within the coming year. (d) Investment securities totaling S27,000 are included in Current Assets. These securities represent stock purchases made as a long-term equiry investment in a major supplier, Aner making gany necessary changes, what are the totals for Bartholomew's long-lem assets and long-term liabilitiesStep by Step Solution
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