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Presented below are selected accounts of Alnama Company . Cash RO 1,000; Accounts Receivable 2,500; Office Supplies RO 450 ; Land RO 10,000 Equipment RO
Presented below are selected accounts of Alnama Company . Cash RO 1,000; Accounts Receivable 2,500; Office Supplies RO 450 ; Land RO 10,000 Equipment RO 25,000; Accumulated lepreciation Equipment RO 5,000; Building held for resale RO 15, 00 ; Goodwill RO 13,000 Accounts payable RO 2,000 ; Salaries payable RO 5,000; Mortgage Payable RO 23,000, Current portion of Mortgage payable RO 1,500 ; Interest payable RO 1,200 . Based on the above information the following statement are true except:
25. Presented below are selected accounts of Alnama Company. Cash RO 1,000; Ac RO 2,500; Office Supplies RO 450; Land RO 10,000, Equipment RO 25, depreciation Equipment RO 5,000; Building held for resale RO 15,000; Go Accounts payable RO 2,000; Salaries payable RO 5,000; Mortgage Payable R portion of Mortgage payable RO 1,500; Interest payable RO 1,200. Based on the all the following statement are true except: A Total assets equal RO 58,000 B. Total current liabilities equal RO 9,700 C. Total long-term investmnet equal RO 15,000 D. Total current assets equal RO 3,950 Step by Step Solution
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