Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Bulldings Less: Accumulated depreciation Goodwill Pina Colada Corp. Balance Sheet December 31, 2022 $190000 Accounts payable $203000 144000 Salaries and wages payable 31000 160000 Mortgage payable 243000 89100 Total liabilities $477000 251000 280000 $308000 Common stock $375600 (55500) 252500 Retained earnings 731000 217000 Total stockholders $1106600 equity $1583600 Total liabilities and $1583600 stockholders' equity Total assets $532500 5588000 5997500 5749500
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