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explain step by step please Problem The following totals are taken from the December 31.2012, balance sheet of Streamer Company CA current aasets 5350,000 Long-t
explain step by step please
Problem The following totals are taken from the December 31.2012, balance sheet of Streamer Company CA current aasets 5350,000 Long-t CA liabit long-term liabs 11ties Additional information Kay has been placed ina fund for the retirement orongtemm debt. The cash and long term debt have been onset and reneetedinee financial (b) Long- ermassets includes $50,000 in treasury stock. (e) Cash of Sl4.000 has been set aside to pay taxes d The cash and taxes payable ue. have been offset and do noc appear is the fsancial (d) Advances on sal lespersons commissions in the amount of S21,000 have been made. Also, sales commission payable total $24,000. The net liability of 3,000 is included in current Liabilities. Aner making any necessary changes, what arethe totals for Streamerssumont assets and current liabilitiesStep by Step Solution
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