Equity at start of year 116,000 Expenses 118,000 Current liabilities at end of the year 196,000 Sales revenue 260,000 Current assets at end of the year 345,000 Noncurrent assets at end of the year 370,000

Equity at start of year 116,000 Expenses 118,000 Current liabilities at end of the year 196,000 Sales revenue 260,000 Current assets at end of the year 345,000 Noncurrent assets at end of the year 370,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

Compute the Non current liabilities.

Equity at start of year
116,000
Expenses
118,000
Current liabilities at end of the year 196,000
Sales revenue
260,000
Current assets at end of the year
345,000
Noncurrent assets at end of the year 370,000

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