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Exercise 23-11 Condensed financial data of Culver Company for 2017 and 2016 are presented below. CULVER COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017
Exercise 23-11 Condensed financial data of Culver Company for 2017 and 2016 are presented below. CULVER COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2016 $1,760$1,180 1,290 1,890 1,690 1,750 1,620 1,930 (1,280 )(1,160 ) 1,290 1,440 $7,070 $6,330 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,180 200 1,370 1,930 2,390 $7,070 $920 260 1,550 1,670 1,930 $6,330
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