What amount of total assets have been financed by the creditors and by the stockholders?
What amount of total assets have been financed by the creditors and by the stockholders?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What amount of total assets have been financed by the creditors and by the stockholders?

Transcribed Image Text:The following information for the year ended December 31, 2021, was reported by Nice E
Accounts Payable
Accounts Receivable
Cash (balance on January 1, 2021)
Cash (balance on December 31, 2021)
Common Stock
Dividends
Equipment
Income Tax Expense
Interest Expense
000
000
135,500
147,700
11,200
009
Inventory
Notes Payable
office Expense
Prepaid Rent
Retained Earnings (beginning)
Salaries and Wages Expense
000
15,400
8,100
11,800
36,800
159,800
Service Revenue
Utilities Expense
Salaries and Wages Payable
26,200
Other cash flow information:
Cash from issuing common stock
Cash paid to reacquire common stock
Cash paid for income taxes
Cash paid to purchase long-term assets
Cash paid to suppliers and employees
Cash received from customers
36,500
12,100
63,400
96,400
ఆరం 65T
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