Question
If you could explain/show how you came to your answer that would be great! Listed below are the account balances of the Soloman Corporation: Accounts
If you could explain/show how you came to your answer that would be great!
Listed below are the account balances of the Soloman Corporation:
| Accounts Payable | $ 63,000 |
| Building | 190,000 |
| Cash | 88,000 |
| Common Stock | 150,000 |
| Dividends | 5,000 |
| Land | 160,000 |
| Miscellaneous Expense | 3,000 |
| Service Revenue | 250,000 |
| Equipment | 35,000 |
| Note Payable due in 60 days | 125,000 |
| Long-Term Debt | 13,000 |
| Salary Expense | 120,000 |
Total Assets are:
A. $473,000.
B. $438,000.
C. $248,000.
D. $385,000.
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Statistical Techniques For Analytical Review In Auditing
Authors: Kenneth W. Stringer, Trevor R. Stewart
1st Edition
047186076X, 978-0471860761
