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18. Liabilities are generally classified on a balance sheet

Resolved Question:

18. Liabilities are generally classified on a balance sheet as
a. small liabilities and large liabilities.
b. present liabilities and future liabilities.
c. tangible liabilities and intangible liabilities.
d. current liabilities and long-term liabilities.
Submitted: 7 years ago.
Category: Homework
Expert:  Lev replied 7 years ago.

18. Liabilities are generally classified on a balance sheet as

a. small liabilities and large liabilities.

b. present liabilities and future liabilities.

c. tangible liabilities and intangible liabilities.

d. current liabilities and long-term liabilities.

 

Let me know if you need any help.

 

Lev and other Homework Specialists are ready to help you
Customer: replied 7 years ago.
  • 1. These are selected account balances on December 31, 2007.

Land (location of the corporation's office building) $100,000

Land (held for future use) 150,000

Corporate Office Building 600,000

Inventory 200,000

Equipment 450,000

Office Furniture 100,000

Accumulated Depreciation 300,000

 

What is the total amount of property, plant, and equipment that will appear on the balance sheet?

  • a. $1,300,000
  • b. $1,100,000
  • c. $1,600,000
  • d. $950,000
Expert:  Lev replied 7 years ago.
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