Question

Need help with part B sum

HW1 Problem 2-13 Market Values and Book Values [LO 1) Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.8 million. The machinery can be sold to the Romulans capital of $148,000. If all the current accounts were liquidated today, the company would receive $ What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567. Do not for $8 million. Klingon's current balance sheet shows net fixed assets of $4.6 million, current liabilities of $890,000, and net working round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) Book value of total assets $ 5638000 What is the sum of the market value of NWC and market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32) Sum $ References eBook & Resources Worksheet Section: 2.1 The Balance Sheet Problem 2-13 Market Values and Book Learning Objective: 02-01 Differentiate between Values [LO 1 accounting value (or book

Answer 1