Question
The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment - $40,000 Common
The following items are components of a traditional balance sheet. How much are the total assets of the firm?
Plant and equipment - $40,000
Common stock - 15,000
Cash - 5,200
Inventory - 21,600
Bad debt reserve - 6,000
Additional paid-in-capital - 6,000
Accumulated depreciation - 27,000
Accounts receivable - 22,000
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
