Go ahead and identify which of Appliances accounts are assets Complete all

Go ahead and identify which of appliances accounts

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Cash, receivables, merchandise inventory, furniture, and land are examples of assets. Go ahead and identify which of Appliance's accounts are assets. (Complete all answer boxes.) Is the accountan asset? In order to calculate average total assets for the period, we must first calculate total assets at the beginning and at the end of the period. Now that we have identified which accounts are assets, we can calculate the totals using the information given in the question.Jan. 1, 2018Dec. 31, 2018Cash33,000256,000Office Furniture24,00052,000Building170,000170,000Accounts Receivable1,20017,400Equipment21,00048,000Office Supplies4,6002,800Total assets253,800$546,200$Complete the formula below to calculate Appliance Service's ROA for the year. Be sure to calculate average total assetsusing the totals you computed in the preceding step.
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  • Fall '10
  • MANAGE
  • Balance Sheet, Generally Accepted Accounting Principles, Alma Appliance Service, Alma Appliance

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