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Balance Sheet Assignment | Homework For You

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February 13th, 2020

• A firm issues $150,000 of equity. It then uses the proceeds to buy a plot of land for $150,000. What is the change in the following balance sheet items: cash, accounts receivable, inventory, PPE, total assets, accounts payable, notes payable, long-term debt, total liabilities, and total shareholder equity? You do not need to include in your answer the items for which there is no change. (3 points)Homework For You

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• (WRITE ALL THE ITEMS THAT CHANGE, AND THE AMOUNT OF CHANGE, IN THE SPACE BELOW. DO NOT MENTION THE ITEMS THAT REMAIN UNCHANGED.J. Get Finance homework help today

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