Question: A- ATTEMPT ONE UESTION QUESTION 1 Data for ADBA Ltd is provided as follows: Balance Sheet As at December 31, 2022 Cash 1 ,000 Accounts
A- ATTEMPT ONE UESTION QUESTION 1 Data for ADBA Ltd is provided as follows: Balance Sheet As at December 31, 2022 Cash 1 ,000 Accounts Payable 3,000 Marketable securities 3,000 Other current liabilities 2,000 Accounts Receivable 6,000 Long term debt 5,000 Inventory 10,000 Common stock 20,000 Net Plant & Equipment 40,000 Retained earnings 30,000 Total Assets 60,000 Total Liabilities & Equity 60,000 Income Statement For Year Ending December 31, 2022 Sales 120,000 Cost of Goods Sold 108,000 Gr
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