Question
The end-of-year balance sheet consists of the following amounts- Cash$ 35,000 Accounts receivable$46,000 Property, plant, and equipment $69,000 Long-term debt $41,000 Capital stock $107,000 Accounts
The end-of-year balance sheet consists of the following amounts-
Cash$ 35,000
Accounts receivable$46,000
Property, plant, and equipment $69,000
Long-term debt $41,000
Capital stock $107,000
Accounts payable $22,000
Retained earnings?
Inventory $33,000
What is the owners'equitybalance at the end of the current year?
How did you get the owner's equity balance?
Thank you
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
