Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Craltin Manufacturing had the following accounts
and balances:
Accounts payable
Equipment
Accounts receivable
Land
$31,600
$35,700
5,350
34,700
Buildings-Unearned service revenue 9,800
Cash
14,800
If the total stockholder's equity is $90,100, what is
the balance of the Buildings account?
a. $131,150
b. $40,950
c. $34,700
d. $141,150
Transcribed Image Text:Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150
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