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QUESTIONS Smith & Smith, Inc.s assets consist only of current assets and net plant and equipment. The firm has total assets
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Answer #1

Question 5

Can't be determined.


Question 6

Total assets = Total liabilities and capital = $5,000,000
Sum of accounts payable and accruals = $5,000,000 - ($1,250,000 + $500,000 + $2,500,000)
= $5,000,000 - $4,250,000
= $750,000.

FEEL FREE TO ASK DOUBTS.

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