The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Retained Earnings of $130,260. The current ratio was 2.5. Which of the following statements is not correct? Multiple Choice Total Assets are $1,929,800. Total Stockholders' equity is $1,130,260. Noncurrent liabilities are $130,260, The amount of current assets is 2.5 times the amount of current liabilities.
The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Retained Earnings of $130,260. The current ratio was 2.5. Which of the following statements is not correct? Multiple Choice Total Assets are $1,929,800. Total Stockholders' equity is $1,130,260. Noncurrent liabilities are $130,260, The amount of current assets is 2.5 times the amount of current liabilities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Accounting
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The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540,
Retained Earnings of $130,260. The current ratio was 2.5.
Which of the following statements is not correct?
Multiple Choice
Total Assets are $1,929,800.
Total Stockholders' equity is $1,130,260.
Noncurrent liabilities are $130,260.
The amount of current assets is 2.5 times the amount of current liabilities.
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