Consider the following December 31, fiscal year end account balance information : Cash and cash equivalent $25,000 Accounts receivable(net) 40,000 Prepaid Insurance 12,000 Property, plant, and equipment 100,000 Accounts payable 8,000 Salaries payable 15,000 Cash includes $4,000 restricted for future plant expansion. Prepaid Insurance is a 6-year policy. Total current asset at December 31,2012 would be reported as
Consider the following December 31, fiscal year end account balance information : Cash and cash equivalent $25,000 Accounts receivable(net) 40,000 Prepaid Insurance 12,000 Property, plant, and equipment 100,000 Accounts payable 8,000 Salaries payable 15,000 Cash includes $4,000 restricted for future plant expansion. Prepaid Insurance is a 6-year policy. Total current asset at December 31,2012 would be reported as
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Consider the following December 31, fiscal year end account balance information :
Cash and cash equivalent $25,000
Prepaid Insurance 12,000
Property, plant, and equipment 100,000
Accounts payable 8,000
Salaries payable 15,000
Cash includes $4,000 restricted for future plant expansion. Prepaid Insurance is a 6-year policy.
Total current asset at December 31,2012 would be reported as
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