15) Use the following data to determine the total dollar amount of assets to be classified as current assets. Vitz Pool Supplies Balance Sheet December 31, 2024 Cash and cash equivalents $ 1,000...

15)Use the following data to determine the total dollar amount of assets to be classified as current assets.

Vitz Pool Supplies

Balance Sheet

December 31, 2024

Cash and cash equivalents

$ 1,000

Accounts payable

$ 1,800

Accounts receivable

200

Salaries and wages payable

200

Inventory

1,500

Bonds payable

40,000

Prepaid insurance

300

Total liabilities

42,000

Stock investments

2,000

Land

3,000

Buildings

$20,000

Common stock

15,000

Less: Accumulated

Retained earnings

(25,000)

depreciation

(6,000)

14,000

Total stockholders' equity

(10,000)

Goodwill

10,000

Total liabilities and

Total assets

$32,000

stockholders' equity

$32,000

A) $8,000

B) $5,000

C) $2,000

D) $3,000

Jun 09, 2022

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15) Use the following data to determine the total dollar amount of assets to be classified as current assets. Vitz Pool Supplies Balance Sheet December 31, 2024 Cash and cash equivalents $ 1,000...

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