Use the following information for questions
Metzger Company compiled the following financial information as of December 31, 2011: $$\begin{array} { l r }
\text { Revenues } & € 140,000 \
\text { Retained earnings } ( 1 / 1 / 11 ) & 70,000 \
\text { Equipment } & 40,000 \
\text { Expenses } & 125,000 \
\text { Cash } & 35,000 \
\text { Dividends } & 10,000 \
\text { Supplies } & 5,000 \
\text { Accounts payable } & 20,000 \
\text { Accounts receivable } & 15,000 \
\text { Share capital ordinary } & 25,000
\end{array}$$
-Metzger's assets on December 31, 2011 are

Question

Use the following information for questions 
Metzger Company compiled the following financial information as of December 31, 2011: $$\begin{array} { l r } 
\text { Revenues } & € 140,000 \
\text { Retained earnings } ( 1 / 1 / 11 ) & 70,000 \
\text { Equipment } & 40,000 \
\text { Expenses } & 125,000 \
\text { Cash } & 35,000 \
\text { Dividends } & 10,000 \
\text { Supplies } & 5,000 \
\text { Accounts payable } & 20,000 \
\text { Accounts receivable } & 15,000 \
\text { Share capital ordinary } & 25,000
\end{array}$$
-Metzger's assets on December 31, 2011 are

Quizplus · Accepted Answer

Assets are calculated as the sum of cash, accounts receivable, equipment, and supplies: €35,000 + €15,000 + €40,000 + €5,000 = €95,000.

Use the Following Information for Questions Metzger Company Compiled

Use the Following Information for Questions
Metzger Company Compiled