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McFadden Corp. reports the following balances on its December 31, 20X2, balance sheet: Amounts in Thousands Accounts payable $ 60 Accounts receivable 130 Accumulated depreciation
McFadden Corp. reports the following balances on its December 31, 20X2, balance sheet:
Amounts in Thousands | ||
Accounts payable | $ 60 | |
Accounts receivable | 130 | |
Accumulated depreciation | 380 | |
Fixed assets (net) | 900 | |
Inventory | 150 | |
Long-term debt | 370 | |
Paid in excess | 160 | |
Retained earnings | 380 | |
Total assets | 1,230 | |
Total liabilities | 500 | (long-term debt + current liabilities) |
All of the remaining accounts are listed below. Calculate the balance in each. Enter your answers in thousands. For example, an answer of $200 thousands should be entered as 200, not 200,000.
Assets (in thousand) | Liabilities & Equity (in thousand) | |||
Cash | $ | Account Payable | $ | |
Accounts Receivable | $ | Accruals | $ | |
Inventory | $ | Total Current Liabilities | $ | |
Total Current Assets | $ | |||
Long Term Debt | $ | |||
Fixed Assets (Gross) | $ | |||
Accumulated Depreciation | $ | Common Stock | $ | |
Fixed Assets (Net) | $ | Paid In Excess | $ | |
Retained Earnings | $ | |||
Total Assets | $ | Total Equity | $ | |
Total Liabilities & Equity | $ |
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