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[ Select] Determine the total amount of assets expected to be converted into cash in one year or less. [ Select] Determine the total amount of long term assets. [ Select] Determine total current liabilities. I Select1

[ Select] Determine the total amount of assets expected to be converted into cash in one year or less. [ Select] Determine the total amount of long term assets. [ Select] Determine total current liabilities. I Select1

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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6
/quizzes/140176/take/questions/2118630 © Pu t DLSU Profs to Pick... L vroom vroom-Go... My.LaSalle Universit.. Z ZoteroBib Beautiful Free Imag.. C Create a palette - C. f Facebook Question 6 The following is a list of the accounts for ABC Company as of December 31st, This is not the company's first year of operations. Cash 24 34,000 Inventory $ 97,000 Long term debt - 10% to be paid in 1 year $ 120,000 Patent 2$ 11,000 Sales 24 378,000 Cost of goods sold 24 195,000 Accumulated depreciation 2$ 56,000 Land $ 100,000 Prepaid Insurance 4,000 Paid in capital $4 29,000 Salary expense 24 39,000 Supplies expense 24 3,000 Unearned revenue $ 2,500 Manufacturing building $ 125,000
Transcribed Image Text:/quizzes/140176/take/questions/2118630 © Pu t DLSU Profs to Pick... L vroom vroom-Go... My.LaSalle Universit.. Z ZoteroBib Beautiful Free Imag.. C Create a palette - C. f Facebook Question 6 The following is a list of the accounts for ABC Company as of December 31st, This is not the company's first year of operations. Cash 24 34,000 Inventory $ 97,000 Long term debt - 10% to be paid in 1 year $ 120,000 Patent 2$ 11,000 Sales 24 378,000 Cost of goods sold 24 195,000 Accumulated depreciation 2$ 56,000 Land $ 100,000 Prepaid Insurance 4,000 Paid in capital $4 29,000 Salary expense 24 39,000 Supplies expense 24 3,000 Unearned revenue $ 2,500 Manufacturing building $ 125,000
balette C... Manuracturing bulnding O Facebook E DLSU Profs to Pick.. L vroom vroom - Go. C PubChem Term 3 Enlistment- O Enrollment Add Cla 125,000 Accrued expense 2$ 14,000 Common stock 24 1,000 Mortgage payable - due in 10 years 24 90,000 Accounts receivable 2$ 27,000 Long-term investment $ 50,000 Goodwill $ 20,000 Notes receivable - due in 6 months $ 5,000 Manufacturing equipment $ 89.000 [ Select] Determine the total amount of assets expected to be converted into cash in one year or less. [ Select] Determine the total amount of long term assets. [ Select] Determine total current liabilities. [ Select ] Determine the total long term liabilities. [ Select ] Determine the amount of retained earnings. Next 32°C Rain showers • Previous
Transcribed Image Text:balette C... Manuracturing bulnding O Facebook E DLSU Profs to Pick.. L vroom vroom - Go. C PubChem Term 3 Enlistment- O Enrollment Add Cla 125,000 Accrued expense 2$ 14,000 Common stock 24 1,000 Mortgage payable - due in 10 years 24 90,000 Accounts receivable 2$ 27,000 Long-term investment $ 50,000 Goodwill $ 20,000 Notes receivable - due in 6 months $ 5,000 Manufacturing equipment $ 89.000 [ Select] Determine the total amount of assets expected to be converted into cash in one year or less. [ Select] Determine the total amount of long term assets. [ Select] Determine total current liabilities. [ Select ] Determine the total long term liabilities. [ Select ] Determine the amount of retained earnings. Next 32°C Rain showers • Previous
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