Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Blue Spruce Corp. Balance
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Blue Spruce Corp. Balance Sheet December 31, 2022 $125700 Accounts payable Salaries and wages 121800 payable 211200 Note payable (due 2025) 85800 Total liabilities $153500 30800 273400 $457700 254500 Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation Franchise 281000 $335500 (56000) 279500 $355500 751200 Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity 204900 $1106700 Total assets $1564400 $1564400 O $560500 O $771700 O $833900 O $1025500
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