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Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2024. (List Property, Plant and Equipment in order of Land, Building and Equipment.) $ CULLUMBER COMPANY Balance Sheet (Partial) + $

Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2024. (List Property, Plant and Equipment in order of Land, Building and Equipment.) $ CULLUMBER COMPANY Balance Sheet (Partial) + $

FINANCIAL ACCOUNTING
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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The December 31, 2024, adjusted trial balance of Cullumber Company includes the following accounts: Supplies Notes payable (due March 1, 2026) Accumulated depreciation-equipment Equipment Accumulated depreciation-building Notes receivable (due April 1, 2025) $2,700 Land 26,800 Building 26,100 41,000 38,900 7,600 Trademarks Goodwill Merchandise inventory $80,000 130,000 12,900 5,300 14,400
Transcribed Image Text:The December 31, 2024, adjusted trial balance of Cullumber Company includes the following accounts: Supplies Notes payable (due March 1, 2026) Accumulated depreciation-equipment Equipment Accumulated depreciation-building Notes receivable (due April 1, 2025) $2,700 Land 26,800 Building 26,100 41,000 38,900 7,600 Trademarks Goodwill Merchandise inventory $80,000 130,000 12,900 5,300 14,400
Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2024. (List Property, Plant and Equipment in order of Land, Building and Equipment.) $ CULLUMBER COMPANY Balance Sheet (Partial) + $
Transcribed Image Text:Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2024. (List Property, Plant and Equipment in order of Land, Building and Equipment.) $ CULLUMBER COMPANY Balance Sheet (Partial) + $
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