Question
Use the following data to determine the total dollar amount of assets to be classified as current assets. Ayayai Corp. Balance Sheet December 31, 2022
Use the following data to determine the total dollar amount of assets to be classified as current assets. Ayayai Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $73500 Accounts payable $136000 Accounts receivable 102000 Salaries and wages payable 11500 Inventory 139000 Bonds payable 154500 Prepaid insurance 81000 Total liabilities $302000 Stock investments 189500 Land 196000 Buildings $228500 Common stock $242500 Less: Accumulated depreciation (72500) 156000 Retained earnings 503000 Trademarks 110500 Total stockholders' equity $745500 Total assets $1047500 Total liabilities and stockholders' equity $1047500
$256500
$585000
$395500
$302000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started