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The following items were taken from the financial statements of Buttercup Company. (All amounts are in thousands.) Mortgage payable $2,443 Accumulated depreciation $3,655 Prepaid insurance
The following items were taken from the financial statements of Buttercup Company. (All amounts are in thousands.)
Mortgage payable | $2,443 | Accumulated depreciation | $3,655 | |||
Prepaid insurance | 880 | Accounts payable | 1,444 | |||
Property, plant, and equipment | 11,500 | Notes payable after 2016 | 1,200 | |||
Long-term investments | 1,100 | Common stock | 5,000 | |||
Short-term investments | 3,690 | Retained earnings | 8,480 | |||
Notes payable in 2016 | 1,000 | Accounts receivable | 1,696 | |||
Cash | 2,600 | Inventories | 1,756 |
The following items were taken from the financial statements of Buttercup Company. (All amounts are in thousands.) Mortgage payable $2,443 Accumulated depreciation $3,655 1,444 1,200 5,000 8,480 1,696 1,756 880 Accounts payable Prepaid insurance Property, plant, and equipment Long-term investments Short-term investments Notes payable in 2016 Cash 11,500 Notes payable after 2016 1,100 Common stock 3,690 Retained earnings 1,000 Accounts receivable 2,600 Inventories Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List current assets in order of liquidity.)
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