Brighton Corp. had the following accounts and balances at the end of the year: Cash=$92,000 Accounts Payable = $28,000 Common Stock = $32,000 Dividends $15,000 Inventory $56,000 Long-term Notes Payable - $40,000 Revenues = $160,000 Salaries Payable = $38,000 What are total assets at the end of the year? A) $148,000 B) $92,000 C) $160,000 D) $56,000

Brighton Corp. had the following accounts and balances at the end of the year: Cash=$92,000 Accounts Payable = $28,000 Common Stock = $32,000 Dividends $15,000 Inventory $56,000 Long-term Notes Payable - $40,000 Revenues = $160,000 Salaries Payable = $38,000 What are total assets at the end of the year? A) $148,000 B) $92,000 C) $160,000 D) $56,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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