If current assets are 25,000, liabilities are 40,000, and owners' equity is 55,000, calculate the noncurrent assets.
If current assets are 25,000, liabilities are 40,000, and owners' equity is 55,000, calculate the noncurrent assets.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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Transcribed Image Text:If current assets are 25,000, liabilities are 40,000,
and owners' equity is 55,000, calculate the
noncurrent assets.
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