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I started filling them out but im not sure im right Question Help The following items were taken from the December 31, 2012, financial statements
I started filling them out but im not sure im right
Question Help The following items were taken from the December 31, 2012, financial statements of Salem Corporation. (All dollars are in millions.) Prepare a classified balance sheet as of December 31, 2012. EEB (Click the loon to view the financial information.) Salem Corporation Balance Sheet For the year ended December 31, 2012 in millions) financial information Assets Llabilities and Shareholders' equity Property and equipment Common stock Investment in land $ 11,450 1,470 8,065 665 6,800 1,145 1,985 14,825 Salaries payable 16,125 0ther noncurrent liabilities 13,745 Retained earnings Current assets: Current liabilities: Cash 1,950Salaries payable 155 Interest payable Short-tem investments 1,900 Prepaid insurance Cash Accounts receivable Supplies 1,950 Other noncurrent assets Total current liabilities Supplies Prepaid insurance 1,900 1 Other noncurrent llabilitles 155 Interest payable 200 Mortgage payable 665 Total liabilities Total current assets Print Done Shareholders' equity 6,795Common stook 16,125 8,065 Retained earnings Total shareholders' equity Total assets Total liabilities and shareholders' equity Choose from any list or enter any number in the input flelds and then continue to the nextStep by Step Solution
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