{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T05:36:43-04:00", "answer_date": "2024-06-28 05:36:43", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4246514", "url": "\/study-help\/questions\/these-items-are-taken-from-the-financial-statements-of-swifty-4246514", "question_creation_date_js": "2024-06-28T05:36:43-04:00", "question_creation_date": "Jun 28, 2024 05:36 AM", "meta_title": "[Solved] These items are taken from the financial | SolutionInn", "meta_description": "Answer of - These items are taken from the financial statements of Swifty Corporation at December 31, 2017. Buildings$86,756Accoun | SolutionInn", "meta_keywords": "items,financial,statements,swifty,corporation,december,31,2017,buildings$86,756accounts,receivable10,332prepaid,insurance2,624cash9,709equipment67,568land50,184insurance,expense640depreciation", "question_title_h1": "These items are taken from the financial statements of Swifty Corporation at December 31, 2017. Buildings$86,756Accounts receivable10,332Prepaid insurance2,624Cash9,709Equipment67,568Land50,184Insurance expense640Depreciation expense4,346Interest expense2,132Common stock49,200Retained earnings (January 1,", "question_title": "These items are taken from the financial statements of Swifty Corporation at", "question_title_for_js_snippet": "These items are taken from the financial statements of Swifty Corporation at December 31, 2017 Buildings$86,756Accounts receivable10,332Prepaid insurance2,624Cash9,709Equipment67,568Land50,184Insurance expense640Depreciation expense4,346Interest expense2,132Common stock49,200Retained earnings (January 1, 2017)32,801Accumulated depreciationbuildings37,392Accounts payable7,790Notes payable76,752Accumulated depreciationequipment15,350Interest payable2,952Service revenue12,054 Prepare classified balance sheet Assume that $11,152of the note payable will be paid in 2018 (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment )", "question_description": "

These items are taken from the financial statements of Swifty Corporation at December 31, 2017.<\/span><\/p>

<\/p>

Buildings$86,756Accounts receivable10,332Prepaid insurance2,624Cash9,709Equipment67,568Land50,184Insurance expense640Depreciation expense4,346Interest expense2,132Common stock49,200Retained earnings (January 1, 2017)32,801Accumulated depreciationbuildings37,392Accounts payable7,790Notes payable76,752Accumulated depreciationequipment15,350Interest payable2,952Service revenue12,054<\/p>

<\/p>

Prepare classified balance sheet. Assume that $11,152of the note payable will be paid in 2018.<\/span>(List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.)<\/em><\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "1402200048", "uri": "\/textbooks\/the-small-business-start-up-guide-a-surefire-blueprint-to-successfully-launch-your-own-business-4th-ed-4th-edition-978-1402200045-270127", "name": "The Small Business Start Up Guide A Surefire Blueprint To Successfully Launch Your Own Business 4th Ed", "edition": "4th Edition" }, "question_posted": "2024-06-28 05:36:43", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/contrast-maximax-and-maximin-decision-strategies-under-what-circumstances-is", "description": "Contrast maximax and maximin decision strategies. 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