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  • Calctech Has 930000 in Current Assets and 320000 in Fixed Assets Less 108000 in Accumulated

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    Doreen
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    CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in accumulated depreciation. The firm also has $350,000 in current liabilities and $185,000 in long-term liabilities. The document provides financial information about CalcTech's assets, liabilities, and equity and poses two questions related to calculating the firm's equity and retained earnings.

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    CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in accumulated depreciation. The firm also has $350,000 in current liabilities and $185,000 in long-term liabilities. The document provides financial information about CalcTech's assets, liabilities, and equity and poses two questions related to calculating the firm's equity and retained earnings.

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    © All Rights Reserved
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    40 views1 page

    Calctech Has 930000 in Current Assets and 320000 in Fixed Assets Less 108000 in Accumulated

    Uploaded by

    Doreen
    CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in accumulated depreciation. The firm also has $350,000 in current liabilities and $185,000 in long-term liabilities. The document provides financial information about CalcTech's assets, liabilities, and equity and poses two questions related to calculating the firm's equity and retained earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    CalcTech has $930,000 in current assets and $320,000 in

    fixed assets less $108,000 in accumulated...

    CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in
    accumulated depreciation. The firm’s current liabilities total $350,000, and the long-term
    liabilities $185,000.

    (a) What is the firm


    GET THE ANSWER>> https://solutionlly.com/downloads/calctech-has-930000-in-current-assets-
    and-320000-in-fixed-assets-less-108000-in-accumulated

    CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in
    accumulated depreciation. The firm’s current liabilities total $350,000, and the long-term
    liabilities $185,000.

    (a) What is the firm’s equity?

    (b) If the firm’s stock and capital surplus total $402,000, what is the value for retained
    earnings?

    GET THE ANSWER>> https://solutionlly.com/downloads/calctech-has-930000-in-current-assets-


    and-320000-in-fixed-assets-less-108000-in-accumulated

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