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Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Need the answer of Land and explanation 

Balance Sheet December 31, 2020 Assets Liabilities and shareholders' equity Current assets Current liabilities Cash and cash equivalents 120,000 Accounts payable 350 Accounts receivable 20,000 Notes payable 10,000 Inventory 15,000 Accrued expenses 5,000 Prepaid expense 4,000 Interest payables Investments 10,000 salaries payable Total current assets 169,000 Rent payable Deferred revenue 2,000 Property and equipment Total current liabilities 17,350 Land Buildings and improvements 250,000 Long-term debt 150,000 Equipment 50,000 Bank loan Less accumulated depreciation 5,000 Total liabilities 167,350 Other assets Shareholders' Equity Intangible assets 4,000 Common stock 300,000 Less accumulated amortization 200 Additional paid-in capital 20,000 Retained earning 90,000 Total assets 492,100 Less Treasury stock Total liabilities and shareholders' equity
Transcribed Image Text:Balance Sheet December 31, 2020 Assets Liabilities and shareholders' equity Current assets Current liabilities Cash and cash equivalents 120,000 Accounts payable 350 Accounts receivable 20,000 Notes payable 10,000 Inventory 15,000 Accrued expenses 5,000 Prepaid expense 4,000 Interest payables Investments 10,000 salaries payable Total current assets 169,000 Rent payable Deferred revenue 2,000 Property and equipment Total current liabilities 17,350 Land Buildings and improvements 250,000 Long-term debt 150,000 Equipment 50,000 Bank loan Less accumulated depreciation 5,000 Total liabilities 167,350 Other assets Shareholders' Equity Intangible assets 4,000 Common stock 300,000 Less accumulated amortization 200 Additional paid-in capital 20,000 Retained earning 90,000 Total assets 492,100 Less Treasury stock Total liabilities and shareholders' equity
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