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XYZ Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 4,300,000 Accounts Receivable 2,300,000 Inventory 2,250,000 Prepaid Expenses
- XYZ Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 4,300,000 |
| Accounts Receivable | 2,300,000 |
| Inventory | 2,250,000 |
| Prepaid Expenses | 940,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 10,600,000 |
| Accumulated Depreciation | 7,800,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
