The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $43,800 Common stock 15,000 Cash 5,400 Inventory 23,500 Bad debt reserve 6,000 Additional paid-in capital 6,000 Accumulated depreciation 25,500 Accounts receivable 22,000
The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $43,800 Common stock 15,000 Cash 5,400 Inventory 23,500 Bad debt reserve 6,000 Additional paid-in capital 6,000 Accumulated depreciation 25,500 Accounts receivable 22,000
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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The following items are components of a traditional balance sheet. How much are the total assets of the firm?
Plant and equipment $43,800
Common stock 15,000
Cash 5,400
Inventory 23,500
Additional paid-in capital 6,000
Accumulated
Accounts receivable 22,000
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