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Rajesh Kumar - Topic: "Company Balance sheet...

Rajesh Kumar - Topic: "Company Balance sheet...

Topic: "Company Balance sheet Understanding" #masterrajesh1983

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Texts: Sprague Company has been operating for several years, and on December 31, 2025, presented the following balance sheet:SPRAGUE COMPANY Balance Sheet December 31, 2025Cash: 40,000Accounts payable:80,000Receivables: 75,000Mortgage payable:140,000Inventory: 95,000Common stock (1 par): 150,000Plant assets (net):220,000Retained earnings: 60,000Total assets:430,000Total liabilities and equity: 430,000The net income for 2025 was25,000. Assume that total assets are the same in 2024 and 2025.Comput

Texts: Sprague Company has been operating for several

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