FIN3403 Accounting Review, Question 2.docx - Question 2...

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Question 2: Accounting Review FIN3403, FSUGeneral Ledger for XYZ CompanyThe following is a portion of the general ledger for XYZ Company as of December 31, 20X1, and the statement of stockholders’ equity for XYZ Company for the year ended December 31, 20X1. Use this information to answer questions (1) through (5).1. What is the total amount of current assetsto be reported on XYZ Company’s 12/31/X1 classified balance sheet?
2. What is the total amount of long-term assetsto be reported on XYZ Company’s 12/31/X1 classified balance sheet?

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