The following is known about Prime Performance, Inc. for the year 2021. What were the Non-current Assets on December 31? Details Amount Expenses $50,000 Dividends declared $30,000 Retained Earnings, January 1 $400,000 Total Assets, December 31 $750,000 Current Assets, December 31 $200,000 Contributed Capital Current Liabilities, December 31 Net Increase in Equity, 12/31 $0 $60,000 $120,000

The following is known about Prime Performance, Inc. for the year 2021. What were the Non-current Assets on December 31? Details Amount Expenses $50,000 Dividends declared $30,000 Retained Earnings, January 1 $400,000 Total Assets, December 31 $750,000 Current Assets, December 31 $200,000 Contributed Capital Current Liabilities, December 31 Net Increase in Equity, 12/31 $0 $60,000 $120,000

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

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 16E

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