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Q1: Answer the following questions: Cash Inventory Long term Debt-10% to be paid in 1 year Patent Sales Cost of Goods Sold Accumulated Depreciation Land

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Q1: Answer the following questions: Cash Inventory Long term Debt-10% to be paid in 1 year Patent Sales Cost of Goods Sold Accumulated Depreciation Land Prepaid Insurance Paid in Capital Salary Expense Supplies Expense Unearned Revenue Manufacturing Building Accrued Expense Common Stock Mortgage Payable-due in 10 years Accounts Receivable Long-Term Investment Goodwill Notes Receivable-due in 6 months Manufacturing Equipment $ 34.000 $ 97,000 $120,000 $ 11,000 $378,000 $195,000 $ 56,000 $100,000 $ 4,000 $ 29,000 $ 39,000 $ 3,000 $ 2,500 $125,000 $ 14,000 $ 1,000 $ 90,000 $ 27,000 $ 50,000 $ 20,000 $ 5,000 $ 89,000 A. Determine the total amount of assets expected to be converted into cash in one year or less? B. Determine the total amount of long term assets c. Determine the amount of total current liabilities? D. Determine the total amount long term liabilities

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