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help Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments Property, plant, and equipment Intangible assets Total assets
help Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 668.000 551.000 2.476,000 234,000 $ 3,929.000 $ 468.000 541.000 2.820.000 $3.929.000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $167,000; accounts receivable, $217,000; inventories, $242,000, and prepaid Insurance, $42,000. b. Investments: investments in common stock, short term, $107,000, and long term, $177,000; and restricted cash, long term, $267.000. c. Property, plant, and equipment buildings, $1,670,000 less accumulated depreciation, $617,000, equipment, $670,000 less accumulated depreciation, $217,000, and land. $970,000. d. Intangible assets: patent, $127.000, and copyright, $107.000 e. Current liabilities: accounts payable, $117,000; notes payable, short term, $167,000, and long term, $107,000; and taxes payable, $77,000 f. Long-term liabilities: bonds payable due 2023. g. Shareholders' equity: common stock. $1,850,000, retained earnings. $970,000. Six hundred thousand shares of no par common stock are authorized, of which 370,000 shares were issued and are outstanding. Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) HHD, INC. Balance Sheet At December 31, 2018 Assets Current assets Cash Accounts receivable Inventories Prepaid insurance Inventories 0 Total current assets Property, plant, and equipment Machinery Accumulated depreciation @ Net property, plant, and equipment Intangible assets Patent Copyright Prey 1 of 2 Nex
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