Ogden Corporation has a projected balance sheet that includes the following accounts. What is the projected cash balance? Cash $ ? Marketable securities 405,000 Accounts receivable 980,000 Inventory 785,000 Non-current assets, net 2,110,000 Total liabilities 1,636,000 Total equity 3,220,000
Ogden Corporation has a projected balance sheet that includes the following accounts. What is the projected cash balance? Cash $ ? Marketable securities 405,000 Accounts receivable 980,000 Inventory 785,000 Non-current assets, net 2,110,000 Total liabilities 1,636,000 Total equity 3,220,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 10MCQ
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Ogden Corporation has a projected balance sheet that includes the following accounts. What is the projected cash balance?
Cash | $ ? |
Marketable securities | 405,000 |
980,000 | |
Inventory | 785,000 |
Non-current assets, net | 2,110,000 |
Total liabilities | 1,636,000 |
Total equity | 3,220,000 |
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