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Question 15 (3 points) Random items from the Smyth Company Balance Sheet for December 31, 2005 are given below. Use these items to reconstruct the
Question 15 (3 points) Random items from the Smyth Company Balance Sheet for December 31, 2005 are given below. Use these items to reconstruct the balance sheet and solve for the amount of CASH shown on the Smyth Balance Sheet. Long-term debt (excluding current portion) = 605 Current portion of long-term debt = 58 Net fixed assets = 814 Inventories = 270 Retained earnings = 203 Accruals = 96 Accumulated depreciation = 97 Common stock ($0.02 par value) = 221 Additional paid in capital = 69 Accounts receivable = 345 Notes payable = 201 Accounts payable = 171 CASH = ??? Your
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