Question
Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at
Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 12 $ 12 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 294 228 152 194 9 5 467 439 514 435 (82) (72) 432 363 28 34 Total assets $ 927 $ 836 Liabilities and Stockholders' Equity Accounts payable $ 300 $ 225 Accrued liabilities 72 80 Income taxes payable 71 64 Total current liabilities 443 369 Bonds payable 199 171. Total liabilities 642 540 Common stock 165 202 Retained earnings 120 94 Total stockholders' equity 285 296 Total liabilities and stockholders' equity $ 927 $ 836
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