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3/22/24, 12:22 PM
Question 6 of 20 – 3-1 Quiz
3-1 Quiz
Question 6 of 20
-/1
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Current Attempt in Progress
Balance sheet data of Bramble Company at the end of 2025 and 2024 follow:
2025
2024
Cash
$102000
$138000
Accounts receivable (net)
241000
178000
Inventory
280000
178000
Prepaid expenses
39000
103000
Buildings and equipment
360000
301000
Accumulated depreciation—buildings and equipment
(71000)
(33000)
Land
360000
162000
Totals
$1311000
$1027000
Accounts payable
$274000
$221000
Accrued expenses
48000
70000
Notes payable—bank, long-term
156000
Mortgage payable
121000
Common stock, $10 par
838000
640000
Retained earnings (deficit)
30000
(60000)
$1311000
$1027000
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=8ca9b96f-4627-4a27-bcd7-4fe8235d95f3#/question/5
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3/22/24, 12:22 PM
Question 6 of 20 – 3-1 Quiz
3-1 Quiz
Question 6 of 20
-/1
View Policies
Current Attempt in Progress
Balance sheet data of Bramble Company at the end of 2025 and 2024 follow:
2025
2024
Cash
$102000
$138000
Accounts receivable (net)
241000
178000
Inventory
280000
178000
Prepaid expenses
39000
103000
Buildings and equipment
360000
301000
Accumulated depreciation—buildings and equipment
(71000)
(33000)
Land
360000
162000
Totals
$1311000
$1027000
Accounts payable
$274000
$221000
Accrued expenses
48000
70000
Notes payable—bank, long-term
156000
Mortgage payable
121000
Common stock, $10 par
838000
640000
Retained earnings (deficit)
30000
(60000)
$1311000
$1027000
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=8ca9b96f-4627-4a27-bcd7-4fe8235d95f3#/question/5
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