Question
The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $44,700 Common stock
The following items are components of a traditional balance sheet. How much are the total assets of the firm?
Plant and equipment $44,700
Common stock $15,000
Cash $6,700
Inventory $21,300
Bad debt reserve $6,000
Additional Paid in capital $6,000
Accumulated depreciation $26,000
Accounts receivable $22,000
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
