Business, 11.05.2021 18:30 angelolucero146
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.
Splish Brothers Inc. Balance Sheet December 31, 2022
Cash $198000 Accounts payable $203000
Accounts receivable 150000 Salaries and wages payable 31500
Inventory 155000 Mortgage payable 228500
Prepaid insurance 93900 Total liabilities $463000
Stock investments 273000 Land 267000
Buildings $313000 Common stock $395400
Less: Accumulated depreciation (64500) 248500 Retained earnings 727000
Goodwill 200000 Total stockholders' equity $1122400
Total assets $1585400 Total liabilities and stockholders' equity $1585400
Answers: 3
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Use the following data to determine the total dollar amount of assets to be classified as property,...
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