Construct the Barron Pizza Inc. balance sheet statement for December 31, 2011, with the following information: Retained
Question:
Construct the Barron Pizza Inc. balance sheet statement for
December 31, 2011, with the following information:
Retained earnings: $43,743
Accounts payable: $74,633
Accounts receivable: $34,836
Common stock: $119,901
Cash: $8,344
Short-term debt: $210
Inventory: $23,455
Goodwill: $48,347
Long-term debt: $80,207
Other noncurrent liabilities: $42,580
Plant, property, and equipment: $192,465
Other noncurrent assets: $16,838
Long-term investments: $22,331
Other current assets: $14,658
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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