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Item2 8.33 points Item Skipped eBookPrintReferencesCheck my workCheck My Work button is now enabled1Item 2 Presented below is the balance sheet for HHD, Incorporated, at
Item2 8.33 points Item Skipped eBookPrintReferencesCheck my workCheck My Work button is now enabled1Item 2 Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. Current assets $ 680,000 Investments 560,000 Property, plant, and equipment 2,560,000 Intangible assets 240,000 Total assets $ 4,040,000 Current liabilities $ 480,000 Long-term liabilities 560,000 Shareholders' equity 3,000,000 Total liabilities and shareholders' equity $ 4,040,000 The captions shown in the summarized statement above include the following: Current assets: cash, $170,000; accounts receivable (net), $220,000; inventory, $245,000; and prepaid insurance, $45,000. Investments: investment in equity securities, short term, $110,000, and long term, $450,000. Pro
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