he following information applies to questions 24-26: he following items were obtained from the records of ABC Limited for the year tem $000's Item $000's Ccounts payable 90 Accounts receivable 97 ccrued expenses 13 Accumulated depreciation 104 ash 26 Cost of goods sold 129 epreciation expense General & admin expense 10 19 nterest expense 8 Inventory 89 lon-current liabilities Notes payable 63 29 roperty plant & equipment 608 Sales 320 51 Тах рayable 54 XE
he following information applies to questions 24-26: he following items were obtained from the records of ABC Limited for the year tem $000's Item $000's Ccounts payable 90 Accounts receivable 97 ccrued expenses 13 Accumulated depreciation 104 ash 26 Cost of goods sold 129 epreciation expense General & admin expense 10 19 nterest expense 8 Inventory 89 lon-current liabilities Notes payable 63 29 roperty plant & equipment 608 Sales 320 51 Тах рayable 54 XE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![calc total assets
The following information applies to questions 24-26:
The following items were obtained from the records of ABC Limited for the year ended
Item
$000's
Item
$000's
Accounts payable
90
Accounts receivable
97
Accrued expenses
13
Accumulated depreciation
104
Cash
26
Cost of goods sold
129
Depreciation expense
General & admin expense
10
19
Interest expense
8
Inventory
89
Non-current liabilities
63
Notes payable
29
Property plant & equipment
608
Sales
320
Tax
51
Tax payable
54
Total assets at 30 June 2019 is:
O a. $737,000
O b. $633,000
O c. $716,000
O d. $820,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86969b98-9ea7-45ea-a31a-789a1f50252c%2Fdf38276b-1145-40f0-8255-ef0a9fb69b51%2F56bt0ll.bmp&w=3840&q=75)
Transcribed Image Text:calc total assets
The following information applies to questions 24-26:
The following items were obtained from the records of ABC Limited for the year ended
Item
$000's
Item
$000's
Accounts payable
90
Accounts receivable
97
Accrued expenses
13
Accumulated depreciation
104
Cash
26
Cost of goods sold
129
Depreciation expense
General & admin expense
10
19
Interest expense
8
Inventory
89
Non-current liabilities
63
Notes payable
29
Property plant & equipment
608
Sales
320
Tax
51
Tax payable
54
Total assets at 30 June 2019 is:
O a. $737,000
O b. $633,000
O c. $716,000
O d. $820,000
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