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Novak Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to Prepare a revised balance sheet given
Novak Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $169,000 and for the equipment, $114,000. The allowance for doubtful accounts has a balance of $26,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property. Plant, and Equipment in order of Bulldings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Debt investments Total Longterm investments Property, Plant, and Equipment \begin{tabular}{|l|r|r|} \hline Buildings \\ \hline Less v: & Accumulated Depreciation-Buildings & 748000 \\ \hline Equipment & 169000 & 1 \\ \hline Less v: & Accumulated Depreciation-Equipment & 579000 \\ \hline \end{tabular} Total Property, Plant, and Equipenent Intangible Assets Coodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payabie Notes Payable Rent Payable Long-term Liabilities Notes Payable Rent Payable Bonds Payable Add : Premium on Bonds Payable Pension Obligation Total Lons-term Liabilities Common Stock Stockholders' Equity Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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