9_25 Solution - $5,000 Total short-term liabilities $5,000...

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Chapter 9 Question 25 AFMSA Assets Current assets Cash $15,000 Student Guide Inventory 5,000 Total current assets $20,000 Long-term assets Office Equipment $4,000 Intangibles - Web Site 1,000 Total long-term assets $5,000 Total Assets $25,000 Liabilities & Net Assets Liabilities Short-term liabilities Accounts payable
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Unformatted text preview: $5,000 Total short-term liabilities $5,000 Long-term liabilities Notes payable $20,000 Total long-term liabilities $20,000 Total Liabilities $25,000 Net assets Unrestricted $0 Temporarily restricted Permanently restricted 0 Total net assets $0 Liabilities and Net Assets $25,000...
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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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