Question
Prepare the company's income statement and balance sheet for December 31, 2016. The company paid no dividends during the year. Cabela's Incorporated has the following
Prepare the company's income statement and balance sheet for December 31, 2016. The company paid no dividends during the year.
Cabela's Incorporated has the following account balances as of December 31, 2016, the end of its fiscal year. (S thousands) Debit Credit 347,784 Accounts payable Accounts receivable Gift instruments and rewards programs Income tax expense Inventories Merchandise costs Other current assets Cash and cash equivalents Credit card loans, net Contributed capital Interest expense, net Long-term liabilities Other current liabilities Long-term assets Retained earnings Selling, distribution, and administrative expenses Total revenue 76,140 100,653 860,360 2,426,985 207,981 312,522 5,579,575 26,340 1,934,246 1,428,434 687,865 258,712 4,269,455 1,954,121 1,605,940 4,129,359
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Get StartedRecommended Textbook for
Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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