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 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 | 7,200 |
| Inventory | 22,700 |
| Bad debt reserve | 6,000 |
| Additional paid-in capital | 6,000 |
| Accumulated depreciation | 25,800 |
| Accounts receivable | 22,000 |
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Financial Management For Nonprofit Human Service Organizations
Authors: Raymond Sanchez Mayers
2nd Edition
0398075131, 9780398075132
