Question
Tamarisk, Inc. compiled the following financial information as of December 31, 2022: Service revenue $1150000 Common stock 242000 Equipment 322000 Salaries and wages expense 396400
Tamarisk, Inc. compiled the following financial information as of December 31, 2022:
| Service revenue | $1150000 |
| Common stock | 242000 |
| Equipment | 322000 |
| Salaries and wages expense | 396400 |
| Rent expense | 99100 |
| Depreciation expense | 495500 |
| Cash | 275000 |
| Dividends | 83000 |
| Supplies | 42000 |
| Accounts payable | 163000 |
| Accounts receivable | 112500 |
| Retained earnings, 1/1/22 | 609000 |
Tamarisk's total assets at December 31, 2022 are:
a. $1901500.
b. $1360500.
c. $644000.
d. $751500.
Based on the following data, what are total liabilities?
| Accounts payable | $62000 |
| Accounts receivable | 50000 |
| Cash | 81000 |
| Inventory | 146000 |
| Buildings | 158000 |
| Bonds payable | 525000 |
| Supplies | 8700 |
| Notes payable | 63000 |
| Equipment | 369000 |
a. $650000
b. $587000
c. $125000
d. $588000
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How To Win Your Tax Audit An Insider Guide To Successfully Negotiating With The IRS Chronicled From The Files From The Files Of The Nations Most Successful And Respected Taxpayers Rights Advocate
Authors: Daniel J Pilla
1st Edition
1884367097, 978-1884367090
