Question: Balance Sheet Presentation List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current

 Balance Sheet Presentation List the errors you find in the following

Balance Sheet Presentation List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current assets $350,000 Replacement Cost Accumulated Depreciation Book Value Property, plant, and equipment: Land Buildings Factory equipment Office equipment Patents Goodwil $250,000 450,000 375,000 125,000 90,000 60,000 $1,350,000 $50,000 160,000 140,000 60,000 $200,000 290,000 235,000 65,000 90,000 50,000 $930,000 10,000 Total property, plant, and equipment $420,000 1. Fixed assets should be reported at 2. Land 3. Patents and goodwill should be 4. Goodwill should be

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