Please do not give solution in image format ? And Fast Answering Please ? And please explain proper steps by Step. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. The land listed in the balance sheet is used in the operations of the companyCashAccounts receivableInventoryPrepaid insuranceStock investmentsLandBuildingsLess: AccumulateddepreciationGoodwillTotal assetsⒸ5510500Ⓒ5975500$574000December 31, 2022$312000Oriole CompanyBalance Sheet(63500)$19600014600015200089300263000262000248500217000$1573800Accounts payableSalaries and wages payableMortgage payableTotal liabilitiesCommon stockRetained earningsTotal stockholdersequityTotal liabilities andstockholders' equity$196000315002335005461000$377800735000$1112800$1573800 total assets?

Total assets are the resources owned by the entity. It includes the current assets and the…

Use the following data to determine the total dollar amount of assets to be classified as property plant, and equipment. The land listed in the balance sheet is used in the operations of the company Cash ||'|' Accounts receivable Inventory Prepaid insurance Stock investments Land Building Less Accumulated depreciation Goodwill Total assets Ⓒ$510500 $975500 $574000 Oriole Company Balance Sheet December 31, 2022 $312000 $196000 146000 152000 89300 263000 262000 (63500) 248500 217000 $1573800 Accounts payable Salaries and wages payable Mortgage payable Total abilities Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity $196000 31500 233500 5461000 $377800 735000 $1112800 $1573800

Use the following data to determine the total dollar amount of assets to be classified as property plant, and equipment. The land listed in the balance sheet is used in the operations of the company Cash ||'|' Accounts receivable Inventory Prepaid insurance Stock investments Land Building Less Accumulated depreciation Goodwill Total assets Ⓒ$510500 $975500 $574000 Oriole Company Balance Sheet December 31, 2022 $312000 $196000 146000 152000 89300 263000 262000 (63500) 248500 217000 $1573800 Accounts payable Salaries and wages payable Mortgage payable Total abilities Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity $196000 31500 233500 5461000 $377800 735000 $1112800 $1573800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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