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Please include the steps with the answers (it's going to be on excel thats why i need the steps) Forever&Ever Corporation Balance Sheet at December
Please include the steps with the answers (it's going to be on excel thats why i need the steps)
Forever&Ever Corporation Balance Sheet at December 31, 2019 $ $ 40,000 69,000 Assets Current Assets Cash and cash equivalents Short-term investments Accounts Receivable Less Allowance for Uncollectible Accounts Net Accounts receivables Inventories Prepaid insurance Total current assets $ $ 63,500 4,000 187,000 6,000 Investments Marketable securities Land held for sale Bond sinking fund Total investments $ $ 30,000 22,000 15,000 Property, plant, and equipment Land Buildings Equipment Total P.P, and E Less Accumulated depreciation Net Property, plant, and equipment $ $ $ 176,000 680,000 258,000 $ (161,000) Intangibles Patents Total Assets 15,000 Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Note payable Current maturities of long-term debt Total current liabilities 92,000 22,000 12,000 16,000 $ Long-term liabities Notes payable Bonds payable Total long-term liabilities $ $ 86,000 235,000 Shareholders' equity Common stock Retained earnings Total shareholders' equity Total Liabilities and Shareholders Equity $ $ 680,000 253,500Step by Step Solution
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