Determine the cassy corporations statement of financial

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Reference no: EM132476001

Question 1: Determine the Cassy Corporation's statement of financial position at the end of 2018 included the following items.

Land $36,000

Buildings 144,000

Equipment 108,000

Accumulated depreciation-buildings (36,000)

Accumulated depreciation-equipment (13,200)

Patents 48,000

Current assets 282,000

Total $568,800

Share capital-ordinary $216,000

Retained earnings 52,800

Bonds payable 120,000

Current liabilities 180,000

Total $568,800

Reference no: EM132476001

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