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The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.) Mortgage payable$ 1,443Accumulated depreciation3,655 Prepaid expenses880Accounts payable1,444 Property,
The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.)
Mortgage payable$ 1,443Accumulated depreciation3,655
Prepaid expenses880Accounts payable1,444
Property, plant, and equipment11,000Notes payable after 20171,200
Long-term investments1,100Shareholder Capital13,480
Short-term investments3,690Accounts receivable1,696
Notes payable in 20171,000Inventories1,756
Cash2,100
Instructions
Prepare a classified balance sheet in good form as of December 31, 2016.
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