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Q8: The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) (5 marks) Long-term debt $ 1,443
Q8: The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) (5 marks) Long-term debt $ 1,443 Accumulated depreciation 3,655 Prepaid expenses 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2011 368 Long-term investments 764 N. Richman, Capital 15,563 Short-term investments 3,690 Accounts receivable 1,696 Notes payable in 2011 981 Inventories 1.756 Cash 3,168 Instructions Prepare a classified balance sheet in good form as of December 31, 2010
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