Use the Following Data to Determine the Total Dollar Amount

question 60

Multiple Choice

Use the following data to determine the total dollar amount of assets to be classified as property plant and equipment. $\begin{array} { l } \text {Edie's Flomer Shoppe }\\\text {Balance Sheet }\\\text { December 31,2022 }\\\begin{array}{lr}\text { Cash } & \$ 126,000 \\\text { Accounts receivable } & 120,000 \\\text { Inventory } & 210,000 \\\text { Prepaid insurance } & 90,000 \\\text { Stock investments } & 255,000 \\\text { Land } & 285,000\\\text { Buildings } & \$ 339,000 & \\\text { Less: Accumulated } & & \\\quad \text { depreciation } (60,000) & 279,000 \\\text { Trademarks } & 210,000 \\\text { Total assets } & \$ 1575,000\end{array}&\begin{array}{lr}\text { Accounts payable } & \$ 165,000 \\\text { Salaries and wages payable } & 30,000 \\\text { Mortgage payable } & 270,000 \\\hline \text { Total liabilities } & 465,000\\\\\\\text { Common stock } & \$ 360,000 \\\text { Retained earnings } &{750,000}\\\text { Total stockholders' equity } & 1,110,000 \\\text { Total liabilities and } & \\\text { stockholders' equity } & \$ 1,575,000\end{array}\end{array}$

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Definitions:

Genetic Predisposition

The increased likelihood of developing a particular disease or condition due to the presence of one or more genetic variations.

Schizophrenia

A serious mental disorder in which people interpret reality abnormally, potentially resulting in some combination of hallucinations, delusions, and extremely disordered thinking and behavior.

Schizophrenia

A mental disorder characterized by disturbances in thought, perception, and behavior, leading to a disconnect from reality.

Biological Factors

Elements that affect physical and mental health, including genetics, brain chemistry, and physical health conditions.