Question: Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as property, plant and equipment $206000
Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as property, plant and equipment $206000 27000 231500 $464500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Goodwill Swifty Corporation Balance Sheet December 31, 2022 $198000 Accounts payable 151000 A Salaries and wages payable 155000 Mortgage payable 92600 Total liabilities 252000 284000 $316000 Common stock (58000) 258000 Retained earnings Total stockholders 215000 equity Total liabilities and $1605600 stockholders equity $414600 726500 $1141100 $1605600 Total assets O $757000 0 $542000 O $1007000 O $600000
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