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QUESTION
1) The following are components of traditional balance sheet How much are the total assets of the firm??
1) The following are components of traditional balance sheet
How much are the total assets of the firm??
Plant and equipment
42,200
Common Stock
$15,000
Cash
$5,500
Inventory
$20,500
Bad Debt reserve
$6000
Accumulated depreciation
$28,600
Accounts receivable
22,000
