McFadden Corp. reports the following balances on their December 31, 20X2 Balance Sheet: ($000) Accounts Payable.......... 60
Question:
McFadden Corp. reports the following balances on their December 31, 20X2 Balance Sheet:
($000)
Accounts Payable.......... 60
Accounts Receivable....... 120
Accumulated Depreciation...350
Fixed Assets (Net) .......900
Inventory...........150
Long Term Debt.......400
Paid in Excess.......160
Retained Earnings.......380
Total Assets....... 1,240
Total Liabilities......... 500(long term debt + current liabilities)
All of the remaining accounts are listed below. Calculate the balance in each.
Accruals
Cash
Common Stock
Fixed Assets (Gross)
Total Current Assets
Total Current Liabilities
Total Equity
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Assets 000 Liabilities Equity 000 Cash 70 Account Payable 60 Accounts Receivable ...View the full answer
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