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Problem a) How a balance sheet should be structured in order to provide the most efficient information set and why? (3 points) b) Based on
Problem a) How a balance sheet should be structured in order to provide the most efficient information set and why? (3 points) b) Based on the information, structure a classified balance sheet (15 points) Credit Cash Short-term investments Notes receivable Accounts receivable Inventory Prepaid rent Prepaid insurance Office supplies Prepaid advertisement Buildings Land Machinery Acc. Depreciation- machinery Trademark Accounts payable Wages payable Interest payable Long-term notes payable Capital Debit 16,000 16,500 5,000 138,000 72,500 800 2,400 860 1,840 24,800 11,700 20,600 14,200 2,000 57,300 2,600 420 40,000 198,480 313,000 313,000 c) Analyze all this company's main information of interest to you as one of its main suppliers. (7 points)
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