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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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Take me to the text The following information is taken from the records Accounts Payable $18,840 Short-Term Investments $14,170 Land $18,350 Cash $11,770 Equipment $30,700 Bank Loan $17,150 Furniture $17,170 Prepaid Expenses $10,200 Unearned Revenue $18,720 Required Do not enter dollar signs or commas in the input bo- a) Calculate total current assets. Total Current Assets: $ b) Calculate total long-term assets. Total Long-Term Assets: $ c) Calculate total assets. Total Assets: S
Transcribed Image Text:Take me to the text The following information is taken from the records Accounts Payable $18,840 Short-Term Investments $14,170 Land $18,350 Cash $11,770 Equipment $30,700 Bank Loan $17,150 Furniture $17,170 Prepaid Expenses $10,200 Unearned Revenue $18,720 Required Do not enter dollar signs or commas in the input bo- a) Calculate total current assets. Total Current Assets: $ b) Calculate total long-term assets. Total Long-Term Assets: $ c) Calculate total assets. Total Assets: S
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