Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 6.00

Zett Corporation

A colleague who is aware of your understanding of financial statements asks for help in analyzing the transactions and events of Zett Corporation. The following data are provided:

ZETT CORPORATION

Balance Sheets

December 31, Year 1 and Year 2

 

Year 1

Year 2

Cash

$ 34,000

$ 34,500

Accounts receivable, net

12,000

17,000

Inventory

16,000

14,000

Investments (long term)

6,000

—

Fixed assets

80,000

93,000

Accumulated depreciation

(48,000)

(39,000)

Total assets

$100,000

$119,500

 

Answers

(5)
Status NEW Posted 24 Sep 2017 07:09 PM My Price 6.00

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