Question
Given the year end Balance Sheet (shown below), compute Current Liabilities (assume these are the actual amounts and are not rounded): Cash$11,263 A/R8,919 Inventory5,893 Plant
Given the year end Balance Sheet (shown below), compute Current Liabilities (assume these are the actual amounts and are not rounded):
Cash$11,263
A/R8,919
Inventory5,893
Plant & Equipment69,200
Accumulated Depreciation(27,880)
A/P1,756
CurrentDebt2,100
Long-term Debt19,000
Common Stock29,158
Retained Earnings15,381
Market Cap29,000
(NOTE: Enter your answer as a whole number with NO "$", NO commas and NO period.)
Answer:
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
