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1.- The following balance sheet figures are available on the Puma Construction Company:                Current Long-Term...

1.- The following balance sheet figures are available on the Puma Construction Company:

               Current Long-Term Total

Assets $100,000 $100,000 $200,000

Liabilities 80,000 70,000 150,000  

Find the total net worth of the company.

2-The following data regarding Ally Construction Company are available:  

Current assets $300,000

Current liabilities 200,000

Long-term liabilities 500,000

Total net worth 200,000   

What is the value of the company's fixed assets?  

3.-Name three accounts typical of the liability side of a balance sheet. In what side would you enter "discounts earned”?

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