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Presented below is the balance sheet for HHD , Incorporated, at December 3 1 , 2 0 2 4 . Current assets $ 6 1
Presented below is the balance sheet for HHD Incorporated, at December
Current assets $
Investments
Property, plant, and equipment
Intangible assets
Total assets $
Current liabilities $
Longterm liabilities
Shareholders' equity
Total liabilities and shareholders' equity $
The captions shown in the summarized statement above include the following:
Current assets: cash, $; accounts receivable net $; inventory, $; and prepaid insurance, $
Investments: investment in equity securities short term, $ and long term, $
Property, plant, and equipment: buildings, $ less accumulated depreciation, $; equipment, $ less accumulated depreciation, $; and land, $
Intangible assets net of amortization: patent, $; and copyright, $
Current liabilities: accounts payable, $; notes payable, short term, $ and long term, $; and income taxes payable, $
Longterm liabilities: bonds payable due
Shareholders equity: common stock, $; retained earnings, $ Six hundred thousand shares of no par common stock are authorized, of which shares were issued and are outstanding.
Required:
Prepare a corrected classified balance sheet for HHD Incorporated, at December
Note: Amounts to be deducted should be indicated by a minus sign.
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