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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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