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Please see the pictures below. Note this is part of the same question. Just need help with the ones that I got wrong in the
Please see the pictures below. Note this is part of the same question. Just need help with the ones that I got wrong in the red boxes.
Question 2 of 14 The following items are taken from the financial statements of Crane Company at December 31, 2022. Land $195,800 Accounts receivable 21,400 10,400 Supplies Cash 11,850 Equipment 83,800 262,000 Buildings 45,900 Land improvements 5,400 Notes receivable (due in 2023) 13,200 Accumulated depreciation-land improvements 80,000 Common stock 500,000 Retained earnings (December 31, 2022) 33,600 Accumulated depreciation-buildings 9,600 Accounts payable 86,450 Mortgage payable 18,900 Accumulated depreciation-equipment 3,100 Interest payable 15.100 Income taxes payable 47.100 Patents 71,600 Investments in stock (long-term) 4.700 Debt investments (short-term) CRANE COMPANY Balance Sheet December 31, 2022 (in millions) Assets Current Assets Cash $ 11.850 Accounts Receivable 21,400 Notes Receivable(due in 2023) 5.400 Supplies 10.400 Debt investments(short tern) 4.700 Total Current Assets Current Assets Stock investments Less : Accumulated Depreciation-Land Improvements Intangible Assets Long-term Investments Total Assets V Land Improvements 13,200 i 32,700 47.100 640,500 TA 694,250 Liabilities and Stockholders' Equity
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