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Consider the following selected amounts and account balances of Esquires: (Click the icon to view the data.) Show how this company reports current assets
Consider the following selected amounts and account balances of Esquires: (Click the icon to view the data.) Show how this company reports current assets on the balance sheet. Not all the data are used. Is Esquires a service company, a merchandiser, or a manufacturer? How do you know? Show how Esquires reports current assets on the balance sheet. Esquires Balance Sheet (Partial) Current assets: Inventories: Total current assets Is Esquires a service company, a merchandiser, or a manufacturer? How do you know? Esquires is a as shown by the on the balance sheet. Data table Cost of goods sold. Direct labour.. Direct materials used Accounts receivable Cash 111,000 Prepaid expenses 51,000 Marketing expense. $ 8,300 38,000 Cost of goods manufactured 25,000 Work in process inventory 84,000 Manufacturing overhead 21,000 Finished goods inventory. 97,000 Raw materials inventory 42,000 27,000 70,000 17,000 Print Done
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