What is the dollar amount of total assets on these general accounting question? Use the data given below:Current liabilities total$500,000Non-current liabilities total $750,000Owners' investment totals $250,000Retained earnings totals$400,000What is the dollar amount of total assets?

Step 1: Define AssetsAssets can be defined as something of value that a company uses in the business…

Answered: Use the data given below: Current…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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What is the dollar amount of total assets on these general accounting question?
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The following is selected financial data from Block Industries: How much does Block Industries have in current liabilities? A. $19,800 B. $18,300 C. $12,300 D. $25,800
Net income example Formula: Net Income = Revenue – Expenses Total assets are $2,500,000, and you calculate total liabilities by adding current liabilities of $800,000 and long-term liabilities of $200,000 for a total of $1,000,000.
H1. Question 4. Calculate the Current assets from the following: Current liabilities $35978, Current ratio 3. a $11992.70 b $11900 c $107934
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Use the following data to determine the total dollar amount of assets to be classified as current assets. Metlock, Inc. Balance Sheet December 31, 2022 Cash $188000 Accounts payable $205000 Accounts receivable 151000 Salaries and wages payable 28000 Inventory 171000 Mortgage payable 232000 Prepaid insurance 91900 Total liabilities $465000 Stock investments (long-term) 251000 Land 260000 Buildings $308000 Common stock $377900 Less: Accumulated (62500) 245500 Retained earnings 732500 depreciation Total stockholders' Goodwill 217000 $1110400 equity Total liabilities and Total assets $1575400 $1575400 stockholders' equity O $430900 O $852900 O $601900 O $510000

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Use the data given below: Current liabilities total $500,000 Non-current liabilities total $750,000 Owners' investment totals $250,000 Retained earnings totals $400,000 What is the dollar amount of total assets?