Please Provide solution of this Question company has the following asset data:Cash: $25,000Accounts Receivable: $15,000• Inventory: $10,000Equipment: $50,000. Land: $100,000Calculate the total current assets and non-current assets and determine the company'stotal assets.

Step 1: Identify Current and Non-Current AssetsCurrent Assets: These are assets that will be used or…

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Excel Applications for Accounting Principles

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ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

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Problem 14M

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Hirshberg Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $ 59,000 $ 39,000 Accounts receivable 33,100 39,000 Inventory 74,900 69,000 Total current assets 167,000 147,000 Property, plant, and equipment 378,000 349,000 Less accumulated depreciation 200,000 168,000 Net property, plant, and equipment 178,000 181,000 Total assets $ 345,000 $ 328,000 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 34,900 $ 30,000 Accrued liabilities 81,800 69,000 Income taxes payable 62,900 59,000 Total current liabilities 179,600 158,000 Bonds payable 61,000 89,000 Total liabilities 240,600 247,000 Stockholders’ equity: Common stock 47,200 50,000…

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company has the following asset data: Cash: $25,000 Accounts Receivable: $15,000 • Inventory: $10,000 Equipment: $50,000 . Land: $100,000 Calculate the total current assets and non- current assets and determine the company's total assets.