A post-closing trial balance showed the following account balances: cash $5,000 short-term investments $2,000 equity investment $3,000
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Question:
A post-closing trial balance showed the following account balances:
cash $5,000
short-term investments $2,000
equity investment $3,000
accounts receivable $3,500
prepaid expenses $500
goodwill $1,000
property, plant and equipment $15,000
accumulated depreciation $5,000
The total assets would be
A). $25,000.
B). $10,000.
C). $35,000.
D). $15,000.
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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