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On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Str and 31,750 Current assets 102, 750 47,500 Noncurrent assets
On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows:
Park Str and 31,750 Current assets 102, 750 47,500 Noncurrent assets 79,250 Total assets Current liabilities 55, 000 29,250 Longterm debt 72,750 85, 000 so, 000 Stockholders ' equity 79,250 Total liabilities and equities $ 110,000 $ 212,750 $ 212,750
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
