Hint: I suggest you first make a list of all of the categories on the left side

Question

Hint: I suggest you first make a list of all of the categories on the left side of your page, and then locate and place the appropriate dollar figure in a column next to the appropriate category.

CHAPTESL 10 Practice Exercise I0-1: Commponents nf Belance Sheet and Stateusent of Ne Financial stanements for Doctors Senith and Browmi are prodled here. Use the dockors bed ance sheet, stapement of revenue and expenses, and sanemes of capital or this u Rnquired Identify the following doctoes salance sheet and statemess of net income cneupornest the name of each compoeent and ies amount and sanenes a és) from de approprive Grnancial soneen Current Liabilities Total Assees lacome from Operations Accumulated Depreriation Total Operating Revrnue Current Portion aLong-Term Deli Inventories

Explanation / Answer

Current Liabilities = 30000

Total Assets = 1000000

Income from Operations = 80000

Accumulated Depreciation = 480000

Total Operating Revenue = 180000

Current Portion of Long Term Debt = 10000

Interest Income = 0

Inventories = 5000

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