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The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and
The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash Accounts receivable Inventory Prepaid expenses 309 157 9 230 196 5 479 442 Total current assets 507 429 Property, plant, and equipment (85) (70) Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 359 32 $926 833 422 25 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable 303$ 224 79 65 71 73 447 368 Total current liabilities Bonds payable 199 646 162 539 Total liabilities 201 Common stock Retained earnings 93 294 $926 $833 118 280 Total stockholders' equity Total liabilities and stockholders' equity
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