Question
This is an income statement and balance sheet that is intentionally left in the incorrect order. The words need to be assembled into an appropriately
This is an income statement and balance sheet that is intentionally left in the incorrect order. The words need to be assembled into an appropriately ordered income statement and balance sheet. Then solve for the numbers left blank. Answer the question below by matching the corresponding answer to the statement item. For example:
Total Current Assets - 5 Short/Current Long Term Debt - 1 etc...
For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers. Total Revenue 27,625; Common Stock 16; Retained Earnings ________; Long Term Bonds (Liability) 742; Capital Leases (Long Term Liability) 965; Research & Development Expense 1,055; Other Long Term Assets 4,420; Total Long Term Assets 5,174; Total Assets 24,342; General and Administrative Expenses 14,502; Labor Expense __________; Accounts Payable 2,010; Current Portion of Long Term Debt _________; Other Long Term Liabilities 1,049: Interest Expense 923; Total Current Liabilities 3,936; Income Before Tax __________; Short Term Investments 51; Net Receivables ___________; Inventory 3,000; Other Current Assets 748; Net Income -12,288; Cash And Cash Equivalents 10,301; Total Current Assets _________; Long Term Investments 45; Total Liab. and Equity _________; Cost of Revenue 20,730; Other Current Liabilities 1,006; Bank Loans (Long Term) _________; Gross Profit ________; Depreciation 65; Selling Expense 760; Operating Income -11,362; Property Plant and Equipment 505; Goodwill 0 Other Long Term Investments 204; Total Liabilities 6,692; Redeemable Preferred Stock 74; Preferred Stock 150; Income Tax Expense ___________; Capital Surplus 38,624.
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