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The following data, presented in alphabetical order, are taken from the records of Crane Corporation. Accounts payable $239,200 Accounts receivable 139,200 Accumulated depreciationbuildings 179,600 Accumulated
The following data, presented in alphabetical order, are taken from the records of Crane Corporation.
Accounts payable | $239,200 | |
Accounts receivable | 139,200 | |
Accumulated depreciationbuildings | 179,600 | |
Accumulated depreciationequipment | 52,800 | |
Allowance for doubtful accounts | 6,800 | |
Bonds payable (10%, due 2028) | 499,700 | |
Buildings | 949,500 | |
Cash | 41,700 | |
Common stock ($10 par value; 506,600 shares authorized, 149,400 shares issued) | 1,494,000 | |
Dividends payable | 79,600 | |
Equipment | 275,700 | |
Goodwill | 200,900 | |
Income taxes payable | 119,200 | |
Inventory | 170,300 | |
Investment in Mara common stock (30% ownership), at equity | 379,400 | |
Investment in Sasse common stock, at fair value | 278,600 | |
Land | 389,000 | |
Notes payable (due 2021) | 70,400 | |
Paid-in capital in excess of parcommon stock | 135,900 | |
Premium on bonds payable | 40,400 | |
Prepaid insurance | 16,500 | |
Retained earnings | 103,500 | |
Short-term investments, at fair value | 180,300 |
The investment in Sasse common stock is considered to be a long-term security. Prepare a classified balance sheet at December 31, 2020. (List assets in order of liquidity. List Property, plant and equipment list in order of land, buildings and equipment.)
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