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XYZ Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 6,600,000 Accounts Receivable 4,500,000 Inventory 4,050,000 Prepaid Expenses
- XYZ Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 6,600,000 |
| Accounts Receivable | 4,500,000 |
| Inventory | 4,050,000 |
| Prepaid Expenses | 1,900,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 14,000,000 |
| Accumulated Depreciation | 10,200,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
13th edition
134472144, 978-0134472140
