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Consider the following information Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2016 Assets Cash Accounts Receivable (less allowance) Inventories Property, Plant and
Consider the following information Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2016 Assets Cash Accounts Receivable (less allowance) Inventories Property, Plant and Equipment Long-term Investments S 26,850 196,950 139,600 242,800 170,000 Total Assets $776,200 Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable S 56,200 78,600 131,000 Total Liabilities 265,800 Stockholders' Equity Contributed Capital Retained Earnings 380,000 130,400 Total Stockholders' Equity 510,400 Total Liabilities and Stockholders' Equity $776,200
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