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XYZ Ltd. has the following information for the year ended December 31, 2023: Item Amount ($) Cash 200,000 Accounts Receivable 80,000 Inventory 60,000 Prepaid Expenses
- XYZ Ltd. has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 200,000 |
| Accounts Receivable | 80,000 |
| Inventory | 60,000 |
| Prepaid Expenses | 25,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 600,000 |
| Accumulated Depreciation | 150,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
