The Balance Sheet for Consolidated Industrial shows the following balances: common stock = $1,125,000; patents and copyrights = $480,000; accounts payable = $240,000; prepaid rent = $96,000; property plant and equipment = $2,760,000; inventory = $117,000; other LTD = $108,000; retained earnings = $1,380,000; Bonds = $900,000. What must the value for Cash be? Question 2 options: $396,000 $516,000 $66,000 $780,000 $300,000
The Balance Sheet for Consolidated Industrial shows the following balances: common stock = $1,125,000; patents and copyrights = $480,000; accounts payable = $240,000; prepaid rent = $96,000; property plant and equipment = $2,760,000; inventory = $117,000; other LTD = $108,000; retained earnings = $1,380,000; Bonds = $900,000. What must the value for Cash be? Question 2 options: $396,000 $516,000 $66,000 $780,000 $300,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
The Balance Sheet for Consolidated Industrial shows the following balances: common stock = $1,125,000; patents and copyrights = $480,000; accounts payable = $240,000; prepaid rent = $96,000; property plant and equipment = $2,760,000; inventory = $117,000; other LTD = $108,000; retained earnings = $1,380,000; Bonds = $900,000. What must the value for Cash be?
Question 2 options:
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$396,000
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$516,000
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$66,000
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$780,000
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$300,000
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