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The balance sheet for Benson Corporation follows: Current assets $ 248,000 Long-term assets (net) 752,000 Total assets $ 1,000,000 Current liabilities $ 153,000 Long-term liabilities
The balance sheet for Benson Corporation follows:
Current assets | $ | 248,000 | |
Long-term assets (net) | 752,000 | ||
Total assets | $ | 1,000,000 | |
Current liabilities | $ | 153,000 | |
Long-term liabilities | 460,000 | ||
Total liabilities | 613,000 | ||
Common stock and retained earnings | 387,000 | ||
Total liabilities and stockholders equity | $ | 1,000,000 | |
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