Question
Question: A company has the following information from its balance sheet: Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $120,000 Accounts Payable $25,000 Accounts
Question:
A company has the following information from its balance sheet:
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $120,000 | Accounts Payable | $25,000 |
Accounts Receivable | $80,000 | Notes Payable | $30,000 |
Inventory | $100,000 | Long-term Debt | $150,000 |
Property | $220,000 | Shareholders' Equity | $300,000 |
Calculate the total equity for the company.
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan
17th Edition
0135628474, 9780135628478
