Question
Ronald Corporations end-of-year balance sheet consisted of the following amounts: Cash $ 25,000 Accounts receivable $ 48,000 Property, plant, and equipment 69,000 Long-term debt 40,000
Ronald Corporations end-of-year balance sheet consisted of the following amounts:
| Cash | $ 25,000 | Accounts receivable | $ 48,000 |
| Property, plant, and equipment | 69,000 | Long-term debt | 40,000 |
| Capital stock | 100,000 | Accounts payable | 20,000 |
| Retained earnings | ? | Inventory | 33,000 |
What amount should Ronald report on its balance sheet for total assets?
a. $175,000
b. $141,000
c. $195,000
d. $194,000
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Management Audit Maximizing Your Companys Efficiency And Effectiveness
Authors: John Nolan
1st Edition
0801975581, 978-0801975585
