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use the following Data to determine the total dollar amont of assets to be classified as current assets. Sheffield Corp. Balance Sheet December 31, 2022
use the following Data to determine the total dollar amont of assets to be classified as current assets.
Sheffield Corp. Balance Sheet December 31, 2022 Cash $191000 Accounts payable $203000 Accounts receivable 141000 Salaries and wages payable 32000 Inventory 158000 Mortgage payable 226500 Prepaid insurance 92300 Total liabilities $461500 Stock investments 269000 Land 288000 Buildings $321000 Common stock $409800 Less: Accumulated depreciation (62000) 259000 Retained earnings 745000 Goodwill 218000 Total stockholders' equity $1154800 Total liabilities and Total assets $1616300 $1616300 stockholders' equity $490000 $424300 $851300 $582300 lo 8 7 6 8 9 A T Y U o P F H - J K L V B N M Step by Step Solution
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