Account Balance Accounts payable $50,000 Account Balance Accounts receivable $80,000 Accrued taxes $20,000 Buildings (net value) $205,000 Cash $40,000 Dividends payable Equipment (net value) $180,000 $20,000 Account Balance Finished goods $30,000 Land value $115,000 Long-term mortgages $390,000 Notes payable $60,000 Raw material inventory $40,000 Stockholder's equity $150,000

Account Balance Accounts payable $50,000 Account Balance Accounts receivable $80,000 Accrued taxes $20,000 Buildings (net value) $205,000 Cash $40,000 Dividends payable Equipment (net value) $180,000 $20,000 Account Balance Finished goods $30,000 Land value $115,000 Long-term mortgages $390,000 Notes payable $60,000 Raw material inventory $40,000 Stockholder's equity $150,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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