Question
Metzger Company compiled the following financial information as of December 31, 2020: Revenues 420,000 Retained earnings (1/1/20) 210,000 Equipment 240,000 Expenses 375,000 Cash 105,000 Dividends
Metzger Company compiled the following financial information as of December 31, 2020:
Revenues 420,000
Retained earnings (1/1/20) 210,000
Equipment 240,000
Expenses 375,000
Cash 105,000
Dividends 30,000
Supplies 15,000
Accounts payable 60,000
Accounts receivable 45,000
Share capital-ordinary 195,000
8. Metzgers total assets on December 31, 2020 are
a. 825,000. b. 630,000. c. 360,000. d 405,000.
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A Journey Into Auditing Culture
Authors: Grant Thornton United Kingdom, Susan Jex, Eddie J. Best
1st Edition
1634540565, 978-1634540568
