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000 How are accounts receivable reported on the balance sheet? d. Both (a) and (b). a. At their net realizable value c. At the actual
000 How are accounts receivable reported on the balance sheet? d. Both (a) and (b). a. At their net realizable value c. At the actual amount plus an allowance for doubtful accounts. b. At the actual amountless an allowance for doubtful accounts. Using the following balance sheet, prepare a common size balance sheet: Assets Current assets Cash 5 Short-term investments 15 Accounts receivable 21 Inventory 23 Prepaid expenses 3 Deferred taxes, current 6 Total current assets 73 Liabilities and stockholders' equity Current liabilities Accounts payable 29 Current portion of long-term debt 12 Total current liabilities 38 Long-term liabilities Long-term debt 45 Total liabilities 83 Long-term assets Property & equipment 67 Goodwill 13 Long-term investments 5 Other assets Stockholders' equity Common stock and PIC 52 Retained earnings 25 Total stockholders' equity 72 Total assets 160 Total liabilities and equity 160
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