USHA COMPANY HAD THE FOLLOWING ACCOUNTS AND BALANCES AT THE END OF THE YEAR. CASH ACCOUNTS PAYABLE COMMON STOCK DIVIDENDS INVENTORY $76,000 $21,000 $21,000 $12,000 $42,000 LONG-TERM NOTES PAYABLE $33,000 REVENUES SALARIES PAYABLE $135,000 $33,000 WHAT ARE TOTAL ASSETS AT THE END OF THE YEAR?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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What are total assets at the end of the year?

USHA COMPANY HAD THE FOLLOWING ACCOUNTS
AND BALANCES AT THE END OF THE YEAR.
CASH
ACCOUNTS PAYABLE
COMMON STOCK
DIVIDENDS
INVENTORY
$76,000
$21,000
$21,000
$12,000
$42,000
LONG-TERM NOTES PAYABLE $33,000
REVENUES
SALARIES PAYABLE
$135,000
$33,000
WHAT ARE TOTAL ASSETS AT THE END OF THE
YEAR?
Transcribed Image Text:USHA COMPANY HAD THE FOLLOWING ACCOUNTS AND BALANCES AT THE END OF THE YEAR. CASH ACCOUNTS PAYABLE COMMON STOCK DIVIDENDS INVENTORY $76,000 $21,000 $21,000 $12,000 $42,000 LONG-TERM NOTES PAYABLE $33,000 REVENUES SALARIES PAYABLE $135,000 $33,000 WHAT ARE TOTAL ASSETS AT THE END OF THE YEAR?
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