Question
< Question 4 (of 50) The following accounts and balances were drawn from the records of...
< Question 4 (of 50) The following accounts and balances were drawn from the records of Hoover Compa on December 31, 20 Cash Dividends Land Accounts Payable $1,400 700 1,000 550 Accounts Receivable Common Stock Revenue Expense $950 175 1000 650 Total assets on the December 31, 2013 balance sheet would amount to: $4,050 $3,350 O $2,400 $4,350 MacBook Air 802 ģ
Answers
Calculation of total assets:
Total assets= cash+land+account receivable
Total assets= 1400+1000+950= 3350
So correct answer is $3350
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