Question
The following items were taken from the financial statements of J. Oriole Company on December 31, 2017. (All amounts are in thousands.) Long-term debt $1,080
The following items were taken from the financial statements of J. Oriole Company on December 31, 2017. (All amounts are in thousands.)
Long-term debt
$1,080
Accumulated depreciationequipment
$5,635Prepaid insurance
780
Accounts payable
1,464Equipment
11,420
Notes payable (due after 2018)
360Long-term investments
374
J. Oriole, capital
12,615Short-term investments
3,610
Accounts receivable
1,646Notes payable (due in 2018)
400
Merchandise inventory
1,176Cash
2,548
i need classified balance sheet in good form as at December 31, 2017. (List Current Assets in order of liquidity.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started