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The following amounts were reported on the December 31, 2019, balance sheet $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable. 22,000 40,000 5,000 Common stock Wages payable The current ratio at December 31, 2019 was:

The following amounts were reported on the December 31, 2019, balance sheet $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable. 22,000 40,000 5,000 Common stock Wages payable The current ratio at December 31, 2019 was:

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
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hello what is the current ratio at december 31,2019

The following amounts were reported on the December 31, 2019, balance sheet $ 8,000 20,000 15,000 120,000 30,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accymulated depreciation Accounts receivable 80,000 180,000 22,000 40,000 5,000 e. Common stock Wages payable The current ratio at December 31, 2019 was:
Transcribed Image Text:The following amounts were reported on the December 31, 2019, balance sheet $ 8,000 20,000 15,000 120,000 30,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accymulated depreciation Accounts receivable 80,000 180,000 22,000 40,000 5,000 e. Common stock Wages payable The current ratio at December 31, 2019 was:
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