Use the following data to determine the total dollar amount of assets to be classified as...
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Use the following data to determine the total dollar amount of assets to be classified as Long-Term: Sons of Anarchy Office Supplies Balance Sheet December 31, 2029 Cash $ 130,000 Accounts payable $ 140,000 Investments 100,000 Salaries and wages payable 20,000 Accounts Receivable 110,000 Mortgage payable 160,000 Prepaid Insurance 60,000 Total liabilities $320,000 Inventory 170,000 Land 180,000 Buildings $210,000 Common stock $240,000 Less: Acc. Depreciation (40,000). Retained earnings 500,000 Buildings, Net 170,000 Total stockholders' equity $740,000 Trademarks 140,000 Total liabilities and Total assets $1,060,000 stockholders' equity $1,060,000 O $350,000 O $490,000 O $530,000 O $390,000 Use the following data to determine the total dollar amount of assets to be classified as Long-Term: Sons of Anarchy Office Supplies Balance Sheet December 31, 2029 Cash $ 130,000 Accounts payable $ 140,000 Investments 100,000 Salaries and wages payable 20,000 Accounts Receivable 110,000 Mortgage payable 160,000 Prepaid Insurance 60,000 Total liabilities $320,000 Inventory 170,000 Land 180,000 Buildings $210,000 Common stock $240,000 Less: Acc. Depreciation (40,000). Retained earnings 500,000 Buildings, Net 170,000 Total stockholders' equity $740,000 Trademarks 140,000 Total liabilities and Total assets $1,060,000 stockholders' equity $1,060,000 O $350,000 O $490,000 O $530,000 O $390,000
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