Question
[The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31
[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 Last Year Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets. Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity $ 21 $ 13 292 229 158 196 8 6 479 444 511 431 (82) (70) 429 361 24 31 $ 932 $836 Accounts payable $ 304 $226 Accrued liabilities 70 78 Income taxes payable 73 64 Total current liabilities 447 Bonds payable 368 195 171 Total liabilities 642 Common stock 539 165 Retained earnings 201 Total stockholders' equity 125 96 290 297 Total liabilities and stockholders' equity $ 932 $836
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