Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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. | |||
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 |
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