On the 2022 balance sheet Brodie Inc. reported net fixed assets of $1,150,500, current liabilities of $280,000,

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On the 2022 balance sheet Brodie Inc. reported net fixed assets of $1,150,500, current liabilities of $280,000, and long-term debt of $650,000. The firm’s net working capital is $95,000. What is equity for 2022?

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: May 24, 2023 01:45 AM

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On the 2022 balance sheet Brodie Inc. reported net fixed assets of $1,150,500, current liabilities of $280,000,

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To calculate the equity for 2022 we need to subtract the total liabilit... View the full answer

Intermediate Accounting

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