The Following Data on Alpha Products, Inc What Was the Percent Increase or Decrease in Net Property
Question 8
Question 8
Multiple Choice
The following data on Alpha Products, Inc. is available. Alpha Products, Inc Comparative Balance Sheet December 31, 2013 and December 31, 2014 Assets: Cash Accounts receivable, net Merchandise inventory Property, plant and equipment, net Total assets Liabilities and stockholders’ equity Accounts payable Notes payable (current) Bonds payable Common stock, $10 par Retained earnings Total liabilities and stockholders’ equity 2014$45,10059,800150,900710,500$966,300$108,20070,000154,000420,000214,100$966,3002013$48,500101,500171,600808,800$1,130,400$151,60070,00280,000420,000208,800$1,130,400 What was the percent increase or decrease in net property, plant and equipment from 2013 to 2014?
A) 12.2% decrease B) 12.2% increase C) 13.8% increase D) 13.8% decrease
Correct Answer:
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