Question: Use the following data to determine the total dollar amount of assets to be classified as current assets. Wildhorse Co. Balance Sheet December 31, 2022
Use the following data to determine the total dollar amount of assets to be classified as current assets. Wildhorse Co. Balance Sheet December 31, 2022 $200000 Accounts payable 155000 Salaries and wages payable 160000 Mortgage payable 88500 Total liabilities 255000 262000 $303000 Common stock (63500) 239500 Retained earnings Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation $195000 32000 241500 $468500 $364000 738500 Goodwill 211000 $1102500 Total stockholders equity Total liabilities and stockholders' equity Total assets $1571000 $1571000 $443500 O $603500 5515000 $858500
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