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Macy's Company, a merchandising firm, reports the following data as of January 31: Stockholders' Equity Property, Plant, and Equipment Inventory Accounts Receivable Other Current Liabilities Accounts Payable Long-term Notes Payable Cash What is the Total Liabilities & Stockholders' Equity balance, for Macy's, as of January 31? Select one: O O O O $8,000 14,000 4,900 1,700 800 1,200 11,200 600 a. $10,000 b. $21,200 c. $13,200 d. $8,000 e. $14,000

Macy's Company, a merchandising firm, reports the following data as of January 31: Stockholders' Equity Property, Plant, and Equipment Inventory Accounts Receivable Other Current Liabilities Accounts Payable Long-term Notes Payable Cash What is the Total Liabilities & Stockholders' Equity balance, for Macy's, as of January 31? Select one: O O O O $8,000 14,000 4,900 1,700 800 1,200 11,200 600 a. $10,000 b. $21,200 c. $13,200 d. $8,000 e. $14,000

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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Macy's Company, a merchandising firm, reports the following data as of January 31: Stockholders' Equity $8,000 Property, Plant, and Equipment 14,000 Inventory 4,900 Accounts Receivable 1,700 Other Current Liabilities 800 Accounts Payable 1,200 Long-term Notes Payable 11,200 Cash 600 What is the Total Liabilities & Stockholders' Equity balance, for Macy's, as of January 31? Select one: O O O O O a. $10,000 b. $21,200 C. $13,200 d. $8,000 e. $14,000
Transcribed Image Text:Macy's Company, a merchandising firm, reports the following data as of January 31: Stockholders' Equity $8,000 Property, Plant, and Equipment 14,000 Inventory 4,900 Accounts Receivable 1,700 Other Current Liabilities 800 Accounts Payable 1,200 Long-term Notes Payable 11,200 Cash 600 What is the Total Liabilities & Stockholders' Equity balance, for Macy's, as of January 31? Select one: O O O O O a. $10,000 b. $21,200 C. $13,200 d. $8,000 e. $14,000
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