Total liabilities and equily S 979 375 $ 230,295 Accounts Receivable, net Choose... Inventory Choose......
90.2K
Verified Solution
Link Copied!
Question
Accounting
Total liabilities and equily S 979 375 $ 230,295 Accounts Receivable, net Choose... Inventory Choose... Prepaid Insurance Choose... Investment securities Choose... Land, buildings, equipment Choose. Accumulated depreciation Choose... Accounts payable Choose... Salaries payable Choose... Other current liabilities Choose... Bonds payable Choose... Common stock Choose... Retained earnings Choose... . is page E Jump to... The BrightSea Corp. reported the following balance sheet data for 2019 and 2018. Note: There are multiple (and related) Parts to this problem. It is impor keep notes of your work. Part A requirements: Calculate all changes in the non-cash balance sheet accounts, excluding totals and sub-totals. From the answer choices, select the corresponding to the change you calculated for each non-cash balance sheet account 2019 2018 Current Assets Cash $ 77,375 $ (22,955) Accounts Receivable net 80,000 68,250 Inventory 165,000 145,000 Prepaid Insurance 1,500 2,000 Long-term Assets Investment securities $ 15,500 $ 85,000 Land, buildings, equipment 1,250,000 1,125,000 Accumulated depreciation (610,000 (572,000) Total Assets $ 979,375 $ 830,295 Current Liabilities Accounts payable $ 76.340 S 102,760 20,000 Salaries payable 24,500
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!