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Correct the errors please. Show the steps. Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015
Correct the errors please. Show the steps.
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash Accounts receivable Inventory Prepaid expenses $ 10 $ 20 370 235 7 590 170 9 Total current assets 779 632 Property, plant, and equipment 680 75 570 Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 60 510 47 $1,386 $1.189 605 2 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $ 390 $ 285 50 35 84 Total current liabilities Bonds payable 412 270 509 370 879 346 Total liabilities 682 Common stock Retained earnings 450 57 507 $1,386 $1,189 161 Total stockholders' equity 507 Total liabilities and stockholders' equityStep by Step Solution
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