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Balance Sheet Relationships Balance sheet information for Milton Company is as follows: Required: Compute the missing values. All the necessary information is provided. (Hint: It
Balance Sheet Relationships Balance sheet information for Milton Company is as follows: Required: Compute the missing values. All the necessary information is provided. (Hint: It is not necessary Year 1 Year 2 Current assets (a) $ $25,000 Long-term liabilities (b) 34,900 Intangible assets 8,400 7,200 Long-term investments 19,200 () Property, plant and equipment (net) 85,700 92,800 Current liabilities 12,500 10,300 Total assets 155,000 (9) Retained earnings 56,900 67,000 Total liabilities 50,300 (h) Contributed capital ul Total stockholders' equity (d) 6) Total liabilities and stockholders' equity (e) 205,000
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