Sunday Company reports the following information on December 31, 2014: Cash $20,000 Accounts receivable 112,000 Accounts payable 91,000 Accrued wages payable 6,000 Unearned revenue 2,000 Paid-in capital 59,000 Retained earnings 80,000 Inventory 30,000 Prepaid rent 4,000 Equipment (net) 12,000 What are total assets at December 31, 2014? A. $178,000. B. $162,000. C. $180,000. D. $166,000.

Sunday Company reports the following information on December 31, 2014: Cash $20,000 Accounts receivable 112,000 Accounts payable 91,000 Accrued wages payable 6,000 Unearned revenue 2,000 Paid-in capital 59,000 Retained earnings 80,000 Inventory 30,000 Prepaid rent 4,000 Equipment (net) 12,000 What are total assets at December 31, 2014? A. $178,000. B. $162,000. C. $180,000. D. $166,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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