The following information pertains to Dallas Company Assume that all balance sheet amounts represent both...
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Accounting
The following information pertains to Dallas Company Assume that all balance sheet amounts represent both average and ending balance figures and that all sales on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets $ 40,000 30,000 25,000 280,000 $375,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity $ 60,000 95,000 220,000 $375,000
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