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Required information Skip to question [The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December
Required information Skip to question [The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash $28,000 Accounts payable $14,000 Investments (short-term) 3,500 Accrued liabilities payable 3,100 Accounts receivable 3,900 Notes payable (current) 5,600 Inventory 24,000 Notes payable (noncurrent) 47,000 Notes receivable (long-term) 1,700 Long-term lease liabilities 60,000 Equipment 53,000 Common stock 10,200 Factory building 93,000 Additional paid-in capital 91,800 Operating lease right-of-use assets 145,000 Retained earnings 123,900 Intangible assets 3,500 During the current year, the company had the fol
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