The sixth message
Dear Professor Garreis.
Thank you for your reply and corrections of my English.
I will answer your questions.
1. What is the new cash value on the balance sheet?
The new cash value is $20,000 on the balance sheet.
2. What is the new value of the long-term assets?
The new value of the long-term assets is $70,000.
3. What is the new value of the total assets?
The new value of the total asset is $90,000.
4. What is the new value of the total liabilities and
stockholders' equity?
The new value of the total liabilities and stockholders' equity is $90,000.
I'm waiting for your reply.
Sincerely yours,
Cong Ming