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Plant, and Equipment: $2,000,000 Accumulated Depreciation: ($400,000) Accounts Payable: ($180,000) Short-term Debt: ($100,000) Long-term Debt: ($1,000,000) Shareholders' Equity: ? Requirements: Classify assets and liabilities into
- Plant, and Equipment: $2,000,000
- Accumulated Depreciation: ($400,000)
- Accounts Payable: ($180,000)
- Short-term Debt: ($100,000)
- Long-term Debt: ($1,000,000)
- Shareholders' Equity: ?
Requirements:
- Classify assets and liabilities into current and non-current categories.
- Calculate the total current assets and total non-current assets.
- Determine the total liabilities (current and non-current).
- Compute the shareholders' equity.
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