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You are compiling Bertram Boat’s balance sheet. According to your calculations, Bertram has current assets of $85,000 and property, plant, and equipment of $235,000. Your supervisor reminds you, however, that your figures fail to account for the fact that Bertram anticipates it will collect only $48,000 of its $50,000 accounts receivable in cash. With this information in mind, what are Bertram’s total assets?
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You are compiling Bertram Boat’s balance sheet. According to your calculations, Bertram has current...
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