Assets classified as investments are equal to a. $0. b. $345,000. c. $172,500. d. $414,000. Cash at
Question:
Assets classified as investments are equal to
a. $0.
b. $345,000.
c. $172,500.
d. $414,000.
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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Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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