Problem: The following items are components of a traditional balance sheet. Plant & equipment Common stock Cash Inventory Bad debt reserve $42,500 $15,000 $6,000 $23,900 $6,000 Additional paid-in capital $6,000 Accumulated depreciation $26,500 Accounts Receivable $22,000 How much are the total assets of the firm?
Problem: The following items are components of a traditional balance sheet. Plant & equipment Common stock Cash Inventory Bad debt reserve $42,500 $15,000 $6,000 $23,900 $6,000 Additional paid-in capital $6,000 Accumulated depreciation $26,500 Accounts Receivable $22,000 How much are the total assets of the firm?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 10P
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Transcribed Image Text:Problem:
The following items are components of a traditional balance sheet.
Plant & equipment
Common stock
Cash
Inventory
Bad debt reserve
$42,500
$15,000
$6,000
$23,900
$6,000
Additional paid-in capital $6,000
Accumulated depreciation $26,500
Accounts Receivable
$22,000
How much are the total assets of the firm?
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