The assets classified as current assets are equal to a. $667,000. b. $494,500. c. $414,000. d. $333,500.
Question:
The assets classified as current assets are equal to
a. $667,000.
b. $494,500.
c. $414,000.
d. $333,500.
Transcribed Image Text:
Cash at bank Prepaid insurance Accounts receivable Inventory Investment land Land Building Less: Accumulated depreciation Trademark Total assets Yasco Office Supplies Balance Sheet December 31, 20XX $149,500 $ 69,000 $115,000 Accounts payable Salaries payable Mortgage payable $161,000 Total liabilities $172,500 $207,000 $230,000 Common stock ($ 46,000) Retained earnings $184,000 $161,000 $1.219,000 Total stockholders' equity Total liabilities and stockholders' equity $161,000 $ 23,000 $207,000 $368,000 $276,000 $575,000 $851,000 $1,219,000
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