knowledge check 01 willette company reported the following information at december 31, year 1: accounts payable $ 4,500 accounts receivable 9,350 cash 23,490 common stock 90,000 equipment 49,500 inventory 31,200 notes payable due december 31, year 3 2,500 retained earnings, december 31, year 1 14,090 salaries and wages payable 2,450 what is the amount of current assets on the classified balance sheet?

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08-09-2022
Business

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knowledge check 01 willette company reported the following information at december 31, year 1: accounts payable $ 4,500 accounts receivable 9,350 cash 23,490 common stock 90,000 equipment 49,500 inventory 31,200 notes payable due december 31, year 3 2,500 retained earnings, december 31, year 1 14,090 salaries and wages payable 2,450 what is the amount of current assets on the classified balance sheet?

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-09-11T10:49:04+02:00

Willette company reported the following information at December 31, year 1 Then $64,040 is the amount of current assets on the classified balance sheet.

What is a Balance sheet?

A balance sheet is an financial statement that lists a business profits, liabilities, and equity of the company as of a certain date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation. The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as amounts of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheet can be utilized in conjunction with other crucial financial data.

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