Question 17 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. | eBooks | Education

Question 17 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.

Question 17 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. PLDZ-4387 Free
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Question 17

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.

https://uopcourses.com/category/acc-290/

 

Question 17

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.

Eddy Auto Supplies

Balance Sheet

December 31, 2014

Cash

 

$84,000

 

Accounts payable

$110,000

Accounts receivable

 

80,000

 

Salaries and wages payable

20,000

Inventory

 

140,000

 

Mortgage payable

180,000

Prepaid insurance

 

60,000

 

Total liabilities

$310,000

Stock Investments

 

170,000

 

 

 

Land

 

190,000

 

 

 

Buildings

$226,000

 

 

Common stock

$240,000

Less: Accumulated depreciation

(40,000)

186,000

 

Retained earnings

500,000

Trademarks

 

140,000

 

      Total stockholders' equity

$740,000

Total assets

 

$1,050,000

 

           Total liabilities and stockholders' equity

$1,050,000

 

$556,000

 

 

$686,000

 

 

$516,000

 

 

$376,000

 

        

 

 

 

Question 17 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. https://uopcourses.com/category/acc-290/ Question 17 Use the following data to determine the total dollar amo
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