The following were extracted from the books of A. Ltd: Equipment $40,000, a Land and Building $150,000 , Cash $3, 000, Stock $2,000, Mortgage $60,000, and creditors $10,000, accruals $5,000 : a) The correct fixed assets amounts to: $190,000 $195,000 $100,000 $5,000 b) The correct current assets amounts to: $190,000 $195,000 $100,000 $5,000 c) The correct current liabilities amounts to: $75,000 $10,000 $65,000 $15,000 d) The correct long-term liability amounts to: $75,000 $10,000 $65,000 $60,000 e) The total assets amounts to: $190,000 $195,000 $250,0000 $5,000 f) The total liabilities amounts to: $60,000 $70,000 $75,000 $65,000

The following were extracted from the books of A. Ltd: Equipment $40,000, a Land and Building $150,000 , Cash $3, 000, Stock $2,000, Mortgage $60,000, and creditors $10,000, accruals $5,000 : a) The correct fixed assets amounts to: $190,000 $195,000 $100,000 $5,000 b) The correct current assets amounts to: $190,000 $195,000 $100,000 $5,000 c) The correct current liabilities amounts to: $75,000 $10,000 $65,000 $15,000 d) The correct long-term liability amounts to: $75,000 $10,000 $65,000 $60,000 e) The total assets amounts to: $190,000 $195,000 $250,0000 $5,000 f) The total liabilities amounts to: $60,000 $70,000 $75,000 $65,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6RE: Oz Corporation has the following assets at year-end: Patents (net), 26,000; Land, 50,000; Buildings,...

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Oz Corporation has the following assets at year-end: Patents (net), 26,000; Land, 50,000; Buildings, 175,000; Accumulated Depreciation: Buildings, 57,500; Investment in Held-to-Maturity Bonds, 12,000; Equipment, 95,000; and Accumulated Depreciation: Equipment, 25,000. Prepare the property, plant, and equipment section of Ozs year-end balance sheet.
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Use the following data to determine the total dollar amount of assets to be classified as current assets Bramble Corp. Balance Sheet December 31, 2022 Cash $129000 Accounts payable $158500 Salaries and wages Accounts receivable 121300 33200 payable Inventory 207000 Note payable (due 2025) 268000 Short-term investments 85400 Total liabilities $459700 Land (held for future use) 255500 Land 282000 Buildings Common stock Less: Accumulated depreciation 271400 Retained earnings Franchise 203600 Total stockholders equity. Total liabilities and stockholders Total assets $1555200 equity O $335700 Ⓒ$798200 Ⓒ51001800 O $542700 $335000 (63600) $355000 740500 $1095500 $1555200
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The following were extracted from the books of A. Ltd: Equipment $40,000, a Land and Building $150,000 , Cash $3, 000, Stock $2,000, Mortgage $60,000, and creditors $10,000, accruals $5,000 : a) The correct fixed assets amounts to: $190,000 $195,000 $100,000 $5,000 b) The correct current assets amounts to: $190,000 $195,000 $100,000 $5,000 c) The correct current liabilities amounts to: $75,000 $10,000 $65,000 $15,000 d) The correct long-term liability amounts to: $75,000 $10,000 $65,000 $60,000 e) The total assets amounts to: $190,000 $195,000 $250,0000 $5,000 f) The total liabilities amounts to: $60,000 $70,000 $75,000 $65,000
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