Calculate the total of (A)current assets, (B)plant assets, and (C)stockholders' equity.
Cash $7,000, common stock $21,000, retained earnings $41,000, prepaid rent $21,000, accounts payable $2,300, accounts receivable $4,000, merchandise inventory $18,000, total liabilities $10,800, land $25,000, building $1,900.

Question

Quizplus · Accepted Answer

A. $7,000 + $21,000 + $4,000 + $18,000 = $50,000; B. $25,000 + $1,900 = $26,900; C. $21,000 + $41,000 = $62,000.

Calculate the Total of (A)current Assets, (B)plant Assets, and (C)stockholders