Question
The following items were taken from the financial statements Wyatt Company. (All dollars are in thousands.) Long-term debt $ 1,950 Accumulated depreciation $ 5,600 Prepaid
The following items were taken from the financial statements Wyatt Company. (All dollars are in thousands.) Long-term debt $ 1,950 Accumulated depreciation $ 5,600 Prepaid insurance 900 Accounts payable 2,444 Equipment 14,300 Notes payable after 2016 1,024 Long-term investments 464 Common stock 10,000 Short-term investments 3,490 Retained earnings 5,800 Notes payable in 2016 474 Accounts receivable 1,734 Cash 4,648 Inventory 1,456 Patents 600 2015 net income was 1,000 and dividends paid were $700. Instructions Prepare a classified balance sheet in good form as of December 31, 2015. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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