lowing data to determine the total dolar amount of assets to be classified a property, plant, and equipment Koonce Office Supplies Balance Sheet December 31, 2022 $ 210,000 30,000 240.000 480,000 Cash Accounts receivable Inventory Prepaid insurance Stock investments (Long-term) 255,000 Land Buildings Less Accumulated depreciation Trademarks Total assets $ 195,000 150,000 165.000 90,000 Accounts payable Salaries and wages payable Mortgage payable Total labilities 360,000 750.000 $1.110.000 $315,000 (80.000) 255,000 210.000 11.0.000 Common stock Retained earnings Total stockholders' equity Total labilities and stockholders' equity $1.590.000 a S990.000 b. 5525.000 C $735.000 d. ss8s.000 3 Use the folowing data to determine the total dollar amount of assets to be classified as investments Koonce Office Supplies Balance Sheet December 31, 2022 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long term) 255.000 Land Buildings $ 195.000 150,000 165.000 90.000 Accounts payable Salaries and wages payable Mongage payable Total labites $ 210.000 30,000 240.000 $480.000 270.000 Common stock Retained eamings Total stockholders' equity Total labties and stockholders equity $315.000 Less: Accumulated 0.00 256.000 210.000 $360.000 deprecialion Trademarks Total assets 750.000 $1.110.000 $1.590.000 a 30 S525.000 C 525.000 d s465.000
lowing data to determine the total dolar amount of assets to be classified a property, plant, and equipment Koonce Office Supplies Balance Sheet December 31, 2022 $ 210,000 30,000 240.000 480,000 Cash Accounts receivable Inventory Prepaid insurance Stock investments (Long-term) 255,000 Land Buildings Less Accumulated depreciation Trademarks Total assets $ 195,000 150,000 165.000 90,000 Accounts payable Salaries and wages payable Mortgage payable Total labilities 360,000 750.000 $1.110.000 $315,000 (80.000) 255,000 210.000 11.0.000 Common stock Retained earnings Total stockholders' equity Total labilities and stockholders' equity $1.590.000 a S990.000 b. 5525.000 C $735.000 d. ss8s.000 3 Use the folowing data to determine the total dollar amount of assets to be classified as investments Koonce Office Supplies Balance Sheet December 31, 2022 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long term) 255.000 Land Buildings $ 195.000 150,000 165.000 90.000 Accounts payable Salaries and wages payable Mongage payable Total labites $ 210.000 30,000 240.000 $480.000 270.000 Common stock Retained eamings Total stockholders' equity Total labties and stockholders equity $315.000 Less: Accumulated 0.00 256.000 210.000 $360.000 deprecialion Trademarks Total assets 750.000 $1.110.000 $1.590.000 a 30 S525.000 C 525.000 d s465.000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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