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Intro The balance sheet for GameStonk Inc. for December 31 of 2020 and 2021 is shown below: 2020 2021 Assets Cash Accounts receivable Inventory Current
Intro The balance sheet for GameStonk Inc. for December 31 of 2020 and 2021 is shown below: 2020 2021 Assets Cash Accounts receivable Inventory Current assets Land Buildings Equipment Accumulated depr. 2,500 3,480 6,500 8,700 7,500 7,540 16,500 19,720 12,500 12,500 7,500 11,600 20,000 26,100 6,500 11,920 33,500 38,280 50,000 58,000 Liabilities & equity 2020 2021 Accounts payable 3,500 3,150 Accruals 2,500 2,300 Notes payable 1,500 1,100 Current liabilities 7,500 6,550 Long-term debt 9,000 9,400 Total liabilities 16,500 15,950 Common stock 6,500 7,800 Retained earnings 27,000 34,250 Total equity 33,500 42,050 Total liab. & equity 50,000 58,000 Net fixed assets Total assets Attempt 3/5 for 6 pts. Part 1 Which of the following statements are true about 2021? Check all that apply: The company increased its short-term debt. The company repurchased some common stock. Net income was positive. The company issued new common stock. The company issued new long-term debt. Submit Try again
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