Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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During the year Ruby Sea Nautical Supplies collected $280,000 from customers, with payments to suppliers of $62,000. Cash paid to employees amounted to $55,000, and cash paid for interest was $14,600. Total assets at the end of the previous accounting period totalled $830,000, and for the current accounting period was $865,000. Total owners equity on the current year's
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