A small economy starts the year with $3,500,000 in capital. During the course of the year, gross investment is $300,000 and depreciation is $150,000. How big is the economy's stock of capital at the end of the year? a. $3,650,000b. $3,800,000c.
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On its current year income statement, Vegas Parties, Inc. reported sales revenue of $945,000. Changes occurred in several balance sheet accounts, including the following: Accounts receivable: $90,000 decrease Unearned revenue: 75,000 increase What
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