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I can not figure out the noncurrent parts. Preparing a Classified Balance Sheet Desi Company, a merchandising firm, reports the following data as of January
I can not figure out the noncurrent parts.
Preparing a Classified Balance Sheet Desi Company, a merchandising firm, reports the following data as of January 31: Stockholders' equity Property, plant, and equipment Inventory Accounts receivable Other current liabilities Accounts payable Long-term notes payable Cash Prepare a classified balance sheet for Desi Company as of January 31. DESI COMPANY Balance Sheet January 31 Assets Current Assets: Cash Accounts receivable Inventory Total Current Assets Noncurrent Assets: Property, plant & equipment Total Noncurrent Assets $5,700 10,000 3,500 1,200 600 800 8,000 400 Total Assets 4) $ + $ Liabilities & Stockholders' Equity Current Liabilities: Accounts payable Other current liabilities 400 1,200 3,500 5,100 Total Current Liabilities Noncurrent Liabilities: 10,000 Long-term notes payable 0x Total Noncurrent Liabilities Stockholders' equity 0x Total Liabilities & Stockholders' Equity $ 800 600 1,400 8,000 5,700 X 0x
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