Question
Use the following data to determine the total dollar amount of assets to be classified as investments. Concord Corporation Balance Sheet December 31, 2022 Cash
Use the following data to determine the total dollar amount of assets to be classified as investments.
| Concord Corporation Balance Sheet December 31, 2022 | |||||
|---|---|---|---|---|---|
| Cash | $189000 | Accounts payable | $199000 | ||
| Accounts receivable | 152000 | Salaries and wages payable | 29000 | ||
| Inventory | 161000 | Mortgage payable | 244500 | ||
| Prepaid insurance | 88700 | Total liabilities | $472500 | ||
| Stock investments | 273000 | ||||
| Land | 296000 | ||||
| Buildings | $308000 | Common stock | $404700 | ||
| Less: Accumulated depreciation | (59000) | 249000 | Retained earnings | 731500 | |
| Trademarks | 200000 | Total stockholders' equity | $1136200 | ||
| Total assets | $1608700 | Total liabilities and stockholders' equity | $1608700 | ||
$0
$472000
$273000
$569000
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The Law And Economics Of Patent Damages, Antitrust, And Legal Process
Authors: James Langenfeld, Frank Fagan, Samuel Clark
2nd Edition
1800710259, 9781800710252
