9_28 Solution - Notes payable $50,000 Total long-term...

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Chapter 9 Question 28 FADD Assets Current assets Cash $60,000 Brochures Inventory 11,000 Total current assets $71,000 Long-term assets Investments $830,000 Furniture 50,000 Total long-term assets $880,000 Total Assets $951,000 Liabilities & Net Assets Liabilities Long-term liabilities
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Unformatted text preview: Notes payable $50,000 Total long-term liabilities $50,000 Total Liabilities $50,000 Net assets Unrestricted $101,000 Temporarily restricted 700,000 Permanently restricted 100,000 Total net assets $901,000 Liabilities and Net Assets $951,000...
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This note was uploaded on 02/15/2012 for the course LABOR STUD 575:385 taught by Professor Lawrence during the Fall '10 term at Rutgers.

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