question archive Fill in the missing information from the balance sheet Valley Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash 2,100 Other Assets Total Assets Liabilities Equity 3,200 Total Liabilities & Equity 2,700 What is the value for Other Assets? Please specify your answer in the same units as the balance sheet
Fill in the missing information from the balance sheet Valley Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash 2,100 Other Assets Total Assets Liabilities Equity 3,200 Total Liabilities & Equity 2,700 What is the value for Other Assets? Please specify your answer in the same units as the balance sheet
Subject:AccountingPrice:2.87 Bought7
Fill in the missing information from the balance sheet
Valley Technology Balance Sheet As of December 31, 2017 (amounts in thousands)
Cash 2,100
Other Assets
Total Assets
Liabilities Equity 3,200
Total Liabilities & Equity 2,700
What is the value for Other Assets? Please specify your answer in the same units as the balance sheet.
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Solution:
|
BALANCE SHEET |
|||
|
Cash |
2,100 |
Liabilities |
3,200 |
|
Other assets |
3,800 |
Equity |
2,700 |
|
Total assets |
5,900 |
Total liabilities and equity |
5,900 |
Working:
Total assets = Total liabilities and equity
Other assets = Total assets - Cash = 5,900 - 2,100 = 3,800
