IPOD Corporations' end-of-year Balance Sheet consisted of the following amounts. Cash $150,000 Accounts Receivable $500,000 Property, plant
Question:
IPOD Corporations' end-of-year Balance Sheet consisted of the following amounts.
Cash $150,000
Accounts Receivable $500,000
Property, plant & equipment 700,000
Long-term debt 400,000
Capital stock 1,000,000
Accounts payable 200,000
Retained earnings ?
Inventory 350,000
Refer to iPod Corp. What amount should IPOD report on its Balance Sheet for Total Assets?
a). $1,100,000
b). $1,550,000
c). $1,700,000
d). $1,900,000
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon