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Prepare a Classified balance Sheet? Presented below are balance sheet items for Arenes Corporation, for the current year, 2020 Goodwill Payroll taxes payable Bonds payable
Prepare a Classified balance Sheet?
Presented below are balance sheet items for Arenes Corporation, for the current year, 2020 Goodwill Payroll taxes payable Bonds payable Dicount on bonds payable Cash Land Notes receivable Notes payable (to banks) Aqcounts payable Retained earnings Income taxes receivable Notes payable (long-term) 125,000 177.591 300,000 15,000 360,000 480,000 445,700 265,000 490,000 Accumulated depreciation - equipment Inventory Rent payable (short-term Income taxes payable Rent payable (long-term Common stock, Si par value Preferred stock, S10 par value Prepaid expenses Equipment Debt investments (trading) Accumu ated depreciation buildings Buildings 292,000 239,800 45,000 98,362 480,000 200,000 150,000 87.920 1.470,000 121,000 270,200 1.640,000 97,630 1,600,000 ARENES CORPORATION Balance Sheet December 31, 2020 Assets Current assets Property, plant, and equipment Intangible assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Step by Step Solution
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