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The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017). The figures are presented in Thousands of U.S. Dollars
The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017). The figures are presented in Thousands of U.S. Dollars unless noted otherwise. Using the information presented below, prepare and present a properly formatted Balance Sheet. Present the Balance Sheet in any format you wish (T-account or report format) so long as it is professional looking and complete.
Accounts Payable | $16,670 |
Accumulated Depreciation/Amortization on PPE | 27,250 |
Additional Paid-in-Capital | 46,400 |
Allowance for Doubtful accounts | 350 |
Cash | 110,325 |
Common Stock (1.5 million shares out @ $1/share par) | 1,500 |
Copyrights | 22,000 |
Current portion of Long-term Debt | 8,900 |
Deferred Tax Liability | 2,000 |
Goodwill | 65,450 |
Gross Accounts Receivable | 8,760 |
Gross Plant, Property and Equipment (PPE) | 350,000 |
Inventory | 10,212 |
Investments | 7,178 |
Land | 175,000 |
Long-term Debt | 318,400 |
Marketable Securities | 5,176 |
Mortgage Payable | 96,900 |
Preferred Stock | 17,000 |
Prepaid Expenses | 1,002 |
Retained Earnings | 246,195 |
Treasury Stock | 27,902 |
Warranty Liability | $1,440 |
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