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Question 2 of 10 -13 View Policies Current Attempt in Progress If total liabilities increased by $94000 and stockholders' equity increased by $27000 during a
Question 2 of 10 -13 View Policies Current Attempt in Progress If total liabilities increased by $94000 and stockholders' equity increased by $27000 during a period of time, then total assets must change by what amount and direction during that same period? $175000 increase $12 1000 decrease 0 $148000 increase $121000 increase Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents $136500 Accounts receivable Oriole Company Balance Sheet December 31, 2022 $68500 Accounts payable Salaries and wages 96500 payable 145500 Bonds payable 83500 Total liabilities 200000 198000 $220500 Common stock 18900 174500 $329900 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation $259100 (55000) 165500 Retained earnings 492000 Trademarks 123500 Total stockholders $751100 equity Total assets $1081000 Total liabilities and stockholders equity $1081000 200000 198000 Stock investments Land Buildings Less: Accumulated depreciation $220500 (55000) 165500 Trademarks 123500 Total assets $1081000 O $248500 O $394000 O $329900 O $594000
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