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just need questuons 3-6.. thank you in advance USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6) QUESTIONS: The following is a Docember 31, 2016,

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USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6) QUESTIONS: The following is a Docember 31, 2016, post.closing trial balance tor Exopll Camnane 1. The cash aosount includes $22,000 set aside in a legally restricted fund to pay bonds payable that mature in 2024 ; a $15.000 cash sumender value of a iffe insurance. policy on the company's CEO, and $2,000 in petty cash. 3. The prepaid expenses includes $18,000 that will bo consumed during 2017 and $14.000 that will be consumed during 2018 . 4. The investments account is classified as Available for Sale Securiles and includes an imvestment of $25,000 in bonds that mature July 1,2017. Of the remaining investments balance, management intends to hold for at least the next three years. All investments in the portfolio have already been marked-lo-market and are reperted at Fair Value. 5. The land acoount includes land which cost $75,000 that the company purchased for speculative purposes and is currenty hold for sale. The ramaining 5100,000 is the cost of land on which the company's oifice building resides. The equipment account includes idle machinery with a bock value of 545 , 000. 6. The uneamed revenue represents customer prepayments for magazine subscriptions. Subscriptions are for five years and will be earned evenly over each of the yaars beginning danuary 1,2017. 7. The notes payable account consists of the following: a. a 550,000 note due in six months. b. a 5100,000 band due in eight years. c. a $150,000 note due in six annual installments of $25,000 each, with the naxt installment due Nov, 1, 2017. "Intarest on all notes has been properly acorued and is included in accruod expenses. Requirod: Ater al correctons have been made, determine the corroct amount of Current Assets: Using the infomsation in 81 above, delermine Total Long-Term Imvestments (athr al cotreckons and adpatments have been made). QULSTION Using the informatian from s1 above, dotemine Tolal PPSE (cet) afer all adyustnents and cocroctona have been made: QUESTION 4 Using the irlormation in is above, desermine the Fola Othor Assets ater all correctons harve been made: QUESTION S Weing the infoemation procened in at soove, dotormien Total Cuerent tiabidies aher al porrectons have both made. QuLST10N 6 Using the inlomation in \#t above. detemine fotal Long-Term Labities ather al corrections have been mabe

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