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1. question Riverbed Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional
1. question
Riverbed Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: Question 5 of 5 /1 Land held for future use Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Long-term liabilities Bonds payable 205,000 97,000 103,000 13,000 365,000 215,000 89,000 55,000 585,000 Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $250,000 and that the accumulated depreciation balance for the equipment is $195,000. The allowance for expected credit losses has a balance of $30,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings, and Equipment.)
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