fabm2 accounting
looking for total assets:
cash 240
account payable 640
tax payable 120
dividends payable 60
non current liabilities 95
owners capital 640
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fabm2 accounting
looking for total assets:
cash 240
account payable 640
tax payable 120
dividends payable 60
non current liabilities 95
owners capital 640
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To calculate the total assets, you need to add up the values of all the assets. The given information includes cash, account payable, tax payable, dividends payable, non-current liabilities, and owner's capital.
Adding up the values:
Cash: $240
Account Payable: $640
Tax Payable: $120
Dividends Payable: $60
Non-Current Liabilities: $95
Owner's Capital: $640
To calculate the total assets, you add all these values together:
Total Assets = Cash + Account Payable + Tax Payable + Dividends Payable + Non-Current Liabilities + Owner's Capital
Total Assets = $240 + $640 + $120 + $60 + $95 + $640 = $1,795
Therefore, the total assets amount to $1,795.