Question
Random items from the Smyth Company Balance Sheet for December 31, 2011 are given below. Use these items to reconstruct the balance sheet and solve
Random items from the Smyth Company Balance Sheet for December 31, 2011 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) = 652
Current portion of long-term debt = 58
Net fixed assets = 770
Inventories = 290
Retained earnings = 219
Accruals = 132
Accumulated depreciation = 96
Common stock ($0.02 par value) = 237
Additional paid in capital = 106
Accounts receivable = 295
Notes payable = 173
Accounts payable = 186
CASH = ??? (Record your answer without a dollar sign, without commas, and without spaces).
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