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Question 3: (10 marks) The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) Long-term debt Prepaid
Question 3: (10 marks) The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) Long-term debt Prepaid expenses Property, plant, and equipment Long-term investments Short-term investments Notes payable in 2011 Cash S 4,329 Accumulated depreciation 10,965 2,640 34,500 2,292 11,070 Accounts payable Notes payable after 2011 N. Richman, Capital Accounts receivable Inventories 1,104 46,689 5,088 5,268 9,504 Instructions Prepare a classified balance sheet in good form as of December 31, 2017. Items
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