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not sure how to calculate property,plant and equipment. the answer is d i already know i just dont understand how to get that number Midten
not sure how to calculate property,plant and equipment. the answer is d i already know i just dont understand how to get that number
Midten ACCT 1220 Use the table below to answer MC questions 13 to 15 The following information below is taken from the financial statements of Lucky Sea December 31, 2019. Lucky Sea Turtle Inc. has a total of 125,000 shares outstan financial statements of Lucky Sea Turtle Inc. on Sea Turtle Inc. has a total of 125,000 shares outstanding. No shares have been issued during the year 2019. in S 5,000 Current Asset 20,000 Current Asset 140,000 Current Asset 1,500 Current flsset 480,000 Current Asset 350,000 Current Asset 84,000 Contra Asset Account Cash Accounts Receivable Inventory Supplies Land Buildings -Accumulated depreciation Buildings Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Income tax payable Current maturities of long-term loan Mortgage payable Bank loan payable Common shares Retained earnings 40,000 current Liability 18,000 Contra Asset 30,000 current Asset 17,500 Current Liabilities 21,500 Current Liabilities 44,500 Non-current liabilities 255,000/Current Liabilities 160,000 hurrent Liabilities 320,000 Shareholders Equity 86,000 Current Assets 13) Lucky Sea Turtle Inc.'s property, plant and equipment is a) $1,138,500 b) $1,036,200 $934,500 ( 8768,000 e) $166,500 Step by Step Solution
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