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XYZ Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 6,500,000 Accounts Receivable 4,400,000 Inventory 3,950,000 Prepaid Expenses
- XYZ Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 6,500,000 |
| Accounts Receivable | 4,400,000 |
| Inventory | 3,950,000 |
| Prepaid Expenses | 1,800,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 13,800,000 |
| Accumulated Depreciation | 10,000,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
