Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver...
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Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ -25 334 $ 12 229 151 196 8 5 468 442 512 434 Less accumulated depreciation 81 71 Net property, plant, and equipment Long-term investments 431 363 27 33 Total assets $ 926 $ 838 Liabilities and Stockholders' Equity Accounts payable $ 305 $ 226 Accrued liabilities 71 79 Income taxes payable 71 65 Total current liabilities 447 370 Bonds payable 196 171 Total liabilities 643 541 Common stock 162 201 Retained earnings 121 96 Total stockholders' equity Total liabilities and stockholders' equity 283 297 $ 926 $ 838 Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ -25 334 $ 12 229 151 196 8 5 468 442 512 434 Less accumulated depreciation 81 71 Net property, plant, and equipment Long-term investments 431 363 27 33 Total assets $ 926 $ 838 Liabilities and Stockholders' Equity Accounts payable $ 305 $ 226 Accrued liabilities 71 79 Income taxes payable 71 65 Total current liabilities 447 370 Bonds payable 196 171 Total liabilities 643 541 Common stock 162 201 Retained earnings 121 96 Total stockholders' equity Total liabilities and stockholders' equity 283 297 $ 926 $ 838
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Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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