What is the total assets amount at year end

Assignment Help Accounting Basics

Reference no: EM131901912

Problem

Lex Inc. reported the following items for the current year:

Buildings $101,160	Insurance Expense $12,000
Salary Payable 20,000	Equipment 45,620
Cash 9,376	Account Receivable 20,334
Long Term Note Payable 10,000	Account Payable 50,000
Inventory 11,553	Other assets 8,600

What is the total assets amount at year end?

Reference no: EM131901912

Questions Cloud

What are the primary capital market securities : What are the primary capital market securities and who are the primary purchases of these securities ?

Calculate the conversion premium for this bond : Find the duration of a 6% coupon bond making annual coupon payments if it has two years until maturity and a yield to maturity of 7%.

Define intellectual capital : How has the influence of intellectual capital on enterprise value changed during the past four decades?

Difference between recessionary gap and inflationary gap : Explain the difference between recessionary gap and inflationary gap. Discuss how a "conservative" and a "liberal"

What is the total assets amount at year end : Lex Inc. reported the following items for the current year. What is the total assets amount at year end?

Design a research in the area of organizational behavior : Write a report under Organizational Behavior context by answering the below questions: Design a research in the area of Organizational Behavior.

What is the cost of preferred stock : The aftertax cost of debt is 6.3 percent and the cost of equity is 15.00 percent. What is the cost of preferred stock?

Macroeconomics effects of policies on consumption : Can you establish the macroeconomics effects of these policies on consumption, investment, interest rate and savings? Use the models

How much food peg should buy to meet nutritional requirement : Peg and Al Fundy have a limited food budget, so Peg is trying to feed the family as cheaply as possible. However, Peg still wants to make sure her family.

User Account

All Pages