The following items are components of a traditional balance sheet.
The following items are components of a traditional balance
sheet. How much are the total assets of the firm?
Plant and equipment $43,900
Common stock 15,000
Cash 5,500
Inventory 21,000
Bad debt reserve 6,000
Additional paid-in capital 6,000
Accumulated depreciation 27,700
Accounts receivable 22,000
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