Assets: $ 55,000 495,000 $ 56,500 410,000 Current assets $ 70,000 Plant & equipment, net Intangible assets, net 440,000 20,000 27,500 40,000 Total assets $570,000 $494,000 $550,000 Liabilities & Stockholders' Equity: $ 40,000 395,000 135,000 $ 35,000 310,000 149,000 $ 32,500 375,000 Current liabilities Long-term liabilities Stockholders' equity 142,500 Total liabilities & equity $570,000 $494,000 $550,000 In a trend balance sheet for 20X2, stockholders' equity is expressed as

Assets: $ 55,000 495,000 $ 56,500 410,000 Current assets $ 70,000 Plant & equipment, net Intangible assets, net 440,000 20,000 27,500 40,000 Total assets $570,000 $494,000 $550,000 Liabilities & Stockholders' Equity: $ 40,000 395,000 135,000 $ 35,000 310,000 149,000 $ 32,500 375,000 Current liabilities Long-term liabilities Stockholders' equity 142,500 Total liabilities & equity $570,000 $494,000 $550,000 In a trend balance sheet for 20X2, stockholders' equity is expressed as

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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