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Use the following data to determine the total dollar amount of assets to be classified as investments. Windsor, Inc. Balance Sheet December 31, 2017 Cash
Use the following data to determine the total dollar amount of assets to be classified as investments.
| Windsor, Inc. | |||||
| Balance Sheet | |||||
| December 31, 2017 | |||||
| Cash | $126600 | Accounts payable | $164000 | ||
| Accounts receivable | 121200 | Salaries and wages payable | 25900 | ||
| Inventory | 201000 | Mortgage payable | 270600 | ||
| Prepaid insurance | 88300 | Total liabilities | $460500 | ||
| Stock Investments (long-term) | 251500 | ||||
| Land | 289500 | ||||
| Buildings | $337000 | Common stock | $361500 | ||
| Less: Accumulated depreciation | (62300) | 274700 | Retained earnings | 732800 | |
| Trademarks | 202000 | Total stockholders' equity | $1094300 | ||
| Total assets | $1554800 | Total liabilities and stockholders' equity | $1554800 | ||
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Budget Responsibility And National Audit Bill Source Book Edition Current Political Debates Of The UK Parliament 55th Parliament Volume
Authors: Jeff Nelson
1st Edition
3845468017, 978-3845468013
