Question
Using the following information, compute total CURRENT ASSETS: Goodwill 9,000 Prepaid Expenses 1,100 Paid-in Capital 1,750 Cash 650 Property, Plant, and Equipment 10,000 Accounts Receivable
Using the following information, compute total CURRENT ASSETS:
| Goodwill | 9,000 |
| Prepaid Expenses | 1,100 |
| Paid-in Capital | 1,750 |
| Cash | 650 |
| Property, Plant, and Equipment | 10,000 |
| Accounts Receivable | 700 |
| Retained Earnings | 1,000 |
| Inventory | 4,000 |
Hint: An item that appears in the income statement does NOT also appear in the balance sheet.
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Financial Accounting A Valuation Emphasis
Authors: John S. Hughes, Frances L. Ayres, Robert E. Hoskin
1st Edition
0471203599, 978-0471203599
