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The Following Information Is Shown on Morris Company's Balance Sheet

Question 44

Essay

The following information is shown on Morris Company's balance sheet. Answer the questions that follow.
 Cash $12,000 Inventory 15,000 Equipment 80,000 Accounts Payable 15,000 Bonds Payable 45,000 Contributed capital 30,000\begin{array}{lr}\text { Cash } & \$ 12,000 \\\text { Inventory } & 15,000 \\\text { Equipment } & 80,000 \\\text { Accounts Payable } & 15,000 \\\text { Bonds Payable } & 45,000 \\\text { Contributed capital } & 30,000\end{array}
A. How much did debt investors provide to Morris Company?
B. What is the amount of money provided by equity investors to Morris Company?
C. How much would be classified as property, plant, and equipment?

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A. $45,000...

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