A list of financial statement items for Sunland Corporation includes the following: accounts receivable $16,200; cash $15,000; inventory $7,700; supplies $5,800; prepaid insurance $5,200; accumulated accumulated depreciation-equipment $26,400; buildings $108,000; equipment assets section of the statement of financial position. (List Current Equipment in order of Land, Buildings and Equipment.) depreciation-buildings and land $65,700. $34,600 Prepare $71,300; Assets in order of liquidity. List Property, Plant, and
A list of financial statement items for Sunland Corporation includes the following: accounts receivable $16,200; cash $15,000; inventory $7,700; supplies $5,800; prepaid insurance $5,200; accumulated accumulated depreciation-equipment $26,400; buildings $108,000; equipment assets section of the statement of financial position. (List Current Equipment in order of Land, Buildings and Equipment.) depreciation-buildings and land $65,700. $34,600 Prepare $71,300; Assets in order of liquidity. List Property, Plant, and
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:A list of financial statement items for Sunland Corporation includes the following: accounts receivable $16,200; cash
$15,000; inventory $7,700; supplies $5,800; prepaid insurance $5,200; accumulated depreciation-buildings $34,600;
accumulated depreciation-equipment $26,400; buildings $108,000; equipment $71,300; and land $65,700. Prepare the
assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and
Equipment in order of Land, Buildings and Equipment.)
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