QUESTION 5 2 poir The following information is for Benton Office Supplies. The t

Question

QUESTION 5 2 poir The following information is for Benton Office Supplies. The total dollar amount of assets to be classfied as property, plant, and equipment is Benton Office Supplies Balance Sheet December 31, 2014 Cash Prepaid Insurance Accounts Receivable Inventory Land held for investment Land Building Less Accumulated Depreciation Trademark Total Assets S 65,000 30,000 50,000 70,000 75,000 90,000 Accounts Payable Salaries Payable Mortage Payable (2 years) Total Liabilities $ 60,000 10,000 90.000 S160,000 Common Stock Retained Earnings $100,000 S120,000 (20,000) 80,000 Total stockholder's equity 70,000 S530.00 Total Liabilities and Stockholders' Equity $530.000 $320,000. Save All Answers Save a 34

Explanation / Answer

Total dollar amount of assets to be classified as property, plant, and equipment = Land+Building = 90000+80000 = $170000

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