Gooran, Inc., has current assets of $180 million; property, plant, and equipment of $300 million; and other assets totaling $110 million. Current liabilities are $130 million, and long-term liabilities total $360 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Gooran's accounting equation. Assets Liabilities Assets Expenses Liabilities Revenues Stockholders' equity C Stockholders' equity

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Gooran, Inc., has current assets of $180 million; property, plant, and equipment of $300 million; and other assets totaling $110 million. Current liabilities are $130 million, and
long-term liabilities total $360 million.
Read the requirements. (Enter all amounts in millions of dollars.)
Requirement 1. Use the data provided to write Gooran's accounting equation.
Assets
Liabilities
Assets
Expenses
Liabilities
Revenues
Stockholders' equity
+
+
C
Stockholders' equity
Transcribed Image Text:Gooran, Inc., has current assets of $180 million; property, plant, and equipment of $300 million; and other assets totaling $110 million. Current liabilities are $130 million, and long-term liabilities total $360 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Gooran's accounting equation. Assets Liabilities Assets Expenses Liabilities Revenues Stockholders' equity + + C Stockholders' equity
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