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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 $40,000 Common stock
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 | 6,700 |
| Inventory | 23,900 |
| Bad debt reserve | 6,000 |
| Additional paid-in capital | 6,000 |
| Accumulated depreciation | 27,100 |
| Accounts receivable | 22,000 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
