Question
In alphabetical order below are current asset items for Sunland Companys balance sheet at December 31, 2020. Accounts receivable $212,000 Cash 63,000 Finished goods 91,000
In alphabetical order below are current asset items for Sunland Companys balance sheet at December 31, 2020.
Accounts receivable | $212,000 | |
Cash | 63,000 | |
Finished goods | 91,000 | |
Prepaid expenses | 47,000 | |
Raw materials | 90,000 | |
Work in process | 93,000 |
Prepare the current assets section. (List Current Assets in order of liquidity.)
SUNLAND COMPANY Balance Sheet For the Year Ended December 31, 2020December 31, 2020For the Quarter Ended December 31, 2020 | ||||||
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process | $ | |||||
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process | ||||||
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process | ||||||
Accounts Receivable Cash Finished Goods Inventories Prepaid Expenses Raw Materials Work in Process | $ | |||||
Accounts Receivable Cash Finished Goods Inventories Prepaid Expenses Raw Materials Work in Process | ||||||
Accounts Receivable Cash Finished Goods Inventories Prepaid Expenses Raw Materials Work in Process | ||||||
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process | ||||||
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity | $ |
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