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Compute the Missing Balance Sheet Amounts in Each of the Three

Question 99

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Compute the missing balance sheet amounts in each of the three independent cases that follow:
 CASE A  CASE B  CASE C  Noncurrent assets $460,000$90,000$280,000 Shareholders’ equity A870,000340,000 Total assets  B  E 500,000 Current liabilities 270,00020,000 I  Current assets 250,000 F  J  Noncurrent liabilities 100,000 G  K  Total liabilities and shareholders’ equity  C 990,000 L  Current assets minus current liabilities  D H200,000\begin{array}{llrr}&\text { CASE A }& \text { CASE B }& \text { CASE C }\\\text { Noncurrent assets } & \$ 460,000 & \$ 90,000 & \$ 280,000 \\\text { Shareholders' equity } & \mathbf{A} & 870,000 & 340,000 \\\text { Total assets } & \text { B } & \text { E } & 500,000\\\text { Current liabilities } & 270,000 & 20,000 & \text { I } \\\text { Current assets } & 250,000 & \text { F } & \text { J } \\\text { Noncurrent liabilities } & 100,000 & \text { G } & \text { K } \\\text { Total liabilities and shareholders' equity } & \text { C } & 990,000 & \text { L }\\\text { Current assets minus current liabilities } & \text { D } & H & 200,000\end{array}

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A.$340,000
B.$710,000
C.$710,0...

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