Cash $100,000 Accounts receivable (net) 90,000 Inventories (at average cost) 70,
ID: 2377810 • Letter: C
Question
Cash
$100,000
Accounts receivable (net)
90,000
Inventories (at average cost)
70,000
Available for sale securities, at fair value (long term)
36,000
Equipment (net)
130,000
Land held for speculation
59,000
Cash surrender value of life insurance
10,000
Patents
21,000
Notes and accounts payable
66,000
Long term liabilities
160,000
Stockholders
Cash
$100,000
Accounts receivable (net)
90,000
Inventories (at average cost)
70,000
Available for sale securities, at fair value (long term)
36,000
Equipment (net)
130,000
Land held for speculation
59,000
Cash surrender value of life insurance
10,000
Patents
21,000
Notes and accounts payable
66,000
Long term liabilities
160,000
Stockholders
Explanation / Answer
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