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Klingon Widgets, Inc., purchased new cloaking machinery three years ago

Question : Klingon Widgets, Inc., purchased new cloaking machinery three years ago : 3235

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $3 million. The machinery can be sold to the Romulans today for $2.5 million. Klingon's current balance sheet shows net fixed assets of $2 million, current liabilities of $710,000, and net working capital of $227,000. If all the current accounts were liquidated today, the company would receive $1.09 million cash. What is the book value of Klingon's total assets today?

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Accounting 8 Months Ago 216 Views
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