Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the company had cash and marketable securities wor

The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of...

80.2K

Verified Solution

Question

Accounting

The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455 is all at book value. Suppose marking to market reveals that the market value of the firm

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

The spring of a toy gun has a force constant of k = 533 N/m and...

Biology
1.2K views

A well known danger of desert living is heat stroke. While most people think about...

Biology
1.2K views

The economy is currently going through high unemployment Which fiscal policy recommendation will help return...

Basic Math
1.2K views

tan B 2 Which of the following statements establishes the identity O A tan cot...

Calculus
1.2K views

Find the x coordinate of the absolute maximum for the function 2 5 ln x...

Calculus
1.2K views

(0.00/1.00 point) 0 of 3 attempts 12x, where a represents the Use a system of...

Accounting
1.2K views

Question 1 (of 5) Award: 4.50 out of 6.00 points Net income was...

Accounting
1.2K views

Variable and Absorption Costing-Three Product Winslow Inc. manufactures and sells three types of shoes....

Accounting
1.2K views

Illinois Bio Technologies Illinois Bio Technologies (IBTECH) was founded in Rosemont, Illinois, in 1992 by...

Accounting
1.2K views

Jay has the following capital gains and losses for the tax year: $6,000 short-term capital...

Finance
1.2K views

Terry Austin is 30 years old and is saving for her retirement. She is planning...

Finance
1.2K views

Consider the following case: Green Caterpillar Garden Supplies Inc. is a small firm, and several...