Question
Item19 Item 19 The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current
Item19 Item 19 The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 68 Accounts payable $ 233 Accounts receivable (net) 171 Other current liabilities 62 Notes receivable 59 Total current liabilities 295 Inventory 204 Long-term liabilities 97 Prepaid expenses 28 Total liabilities 392 Total current assets 530 Shareholders' equity: Equipment (net) 272 Common stock 144 Retained earnings 266 Total shareholders' equity 410 Total assets $ 802 Total liabilities and equity $ 802 Quick assets total: Multiple Choice $326 thousand. $68 thousand. $298 thousand. $239 thousand.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started