FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following amounts were reported on
the December 31, 2022, balance sheet:
Retained earnings
Buildings and equipment, net
of accumulated depreciation
Accounts receivable
Common stock
Wages payable
Cash
Land
Accounts payable
Bonds payable
Merchandise inventory
$
140,000
Multiple Choice
A) 2.5.
B) 3.0.
C) 1.7.
D) 1.2.
150,000
38,000
20,000
5,000
13,000
60,000
25,000
90,000
24,000
The current ratio at December 31, 2022
was:
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Transcribed Image Text:The following amounts were reported on the December 31, 2022, balance sheet: Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable Cash Land Accounts payable Bonds payable Merchandise inventory $ 140,000 Multiple Choice A) 2.5. B) 3.0. C) 1.7. D) 1.2. 150,000 38,000 20,000 5,000 13,000 60,000 25,000 90,000 24,000 The current ratio at December 31, 2022 was:
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