Use the Following Data to Determine the Total Dollar Amount

question 54

Short Answer

Use the following data to determine the total dollar amount of assets to be classified as property plant and equipment. $\begin{array} { l } \text {Carne Auto Supplies }\\ \text { Balance Sheet }\\ \text { December 31,2022 }\\\begin{array}{lr}\text { Cash } & \$ 0,000 \\\text { Accounts receivable } & 100,000 \\\text { Inventory } & 140,000 \\\text { Prepaid insurance } & 80,000 \\\text { Stock investments } & 180,000 \\\text { Land } & 190,000\\\text { Buildings } & \$ 230,000 & \\\text { Less: Accumulated } & \\\quad \text { depreciation } (60,000) & 170,000 \\\text { Patent } & 140,000 \\\text { Total assets } & \$ 1,070,000\\\end{array}&\begin{array}{lrr}\text { Accounts payable } & \$ 130,000 \\\text { Salaries and wages payable } & 20,000 \\\text { Mortgage payable } & 180,000 \\\text { Total liabilities } & 330,000\\\\\\\text { Common stock } & 240,000 \\\text { Retained earnings } & 500,000 \\\text { Total stockholders' equity } & 740,000 \\\text { Total liabilities and } & \\\text { stockholders' equity } & \$ 1,070,000\\\end{array}\\\end{array}$

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Definitions:

Schramm's Model

A communication model that emphasizes the importance of feedback in the encoding and decoding process, highlighting the interactive nature of communication.

Harold Lasswell

A political scientist and communication theorist known for his model of communication, which focuses on the analysis of the process "Who Says What In Which Channel To Whom With What Effect."

Wilbur Schramm

A key figure in communication studies, recognized for his contributions to the field of mass communication and for being one of the founders of communication studies.

Early Communications Model

A foundational concept in communications theory that describes how messages are transmitted from a sender to a receiver.