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Double Check Inc. has the following financial information: net fixed assets equal $1,090; stockholders' equity equals $890; accounts receivable equals $340; accounts payable equals $210; long term debt equals $840; inventory equals $230; and total current liabilities equal $320. Calculate cash if that is the only other account on the financial statement. A $145 В $180 C $390 $600 E $1,480

Double Check Inc. has the following financial information: net fixed assets equal $1,090; stockholders' equity equals $890; accounts receivable equals $340; accounts payable equals $210; long term debt equals $840; inventory equals $230; and total current liabilities equal $320. Calculate cash if that is the only other account on the financial statement. A $145 В $180 C $390 $600 E $1,480

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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15 Double Check Inc. has the following financial information: net fixed assets equal $1,090; stockholders' equity equals $890; accounts receivable equals $340; accounts payable equals $210; long term debt equals $840; inventory equals $230; and total current liabilities equal $320. Calculate cash if that is the only other account on the financial statement. A $145 $180 C $390 $600 E $1,480
Transcribed Image Text:15 Double Check Inc. has the following financial information: net fixed assets equal $1,090; stockholders' equity equals $890; accounts receivable equals $340; accounts payable equals $210; long term debt equals $840; inventory equals $230; and total current liabilities equal $320. Calculate cash if that is the only other account on the financial statement. A $145 $180 C $390 $600 E $1,480
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