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The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $43,500 Common stock
The following items are components of a traditional balance sheet. How much are the total assets of the firm?
- Plant and equipment $43,500
- Common stock 15,000
- Cash 5,400
- Inventory 21,400
- Bad debt reserve 6,000
- Additional paid-in capital 6,000
- Accumulated depreciation 26,300
- Accounts receivable 22,000
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
