Below is account balances for General Hospital as of December 31, 2020. What is their...
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Accounting
Below is account balances for General Hospital as of December 31, 2020. What is their Current Asset Balance that would appear on their balance sheet as of December 31, 2020 Account Balance $6,000,000 Gross plant & equipment Accounts payable 130,000 Inventories 100,000 Other current liabilities 70,000 Net accounts receivable 650,000 Accrued expenses 100,000 200,000 Accumulated depreciation Long-term debt 5,000,000 Cash 210,000 Oi. None of these O ii. $11,000,000 iii. $210,000 iv. $440,000 O v. $960,000 The balance sheet of Health Co. indicates that they have Total Liabilities of 2,000,000 and Equity of 5,000,000 What is Health Co.'s Total Asset balance? i. 7,000,000 il 3,000,000 iii. Can not tell from the information provided iv. -3,000,000


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