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Please answer problem #10, correctly. Thank you! Use the following data to determine the total dollar amount of assets to be classified as current assets.
Please answer problem #10, correctly. Thank you!
Use the following data to determine the total dollar amount of assets to be classified as current assets. Tamarisk, Inc. Balance Sheet December 31, 2022 Cash $ 200000 Accounts payable $ 210000 Accounts receivable 140000 Salaries and wages payable 31000 Inventory 151000 Mortgage payable 226000 Prepaid insurance 86300 Total liabilities $ 467000 Stock investments (long-term) 263000 Land 258000 Buildings $ 306000 Common stock $350800 Less: Accumulated depreciation 244500 Retained earnings 727000 61500) Stock investments (long-term) 263000 Land 258000 Buildings $ 306000 Common stock $350800 Less: Accumulated depreciation 244500 61500) Retained earnings 727000 Goodwill 202000 Total stockholders' equity $- 1077800 Total assets $ 1544800 Total liabilities and stockholders' equity $ 1544800 $ 840300 $577300 $ 491000 $ 426300 Step by Step Solution
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