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Use the accounts below for Stanley Black and Decker to prepare a CLASSIFIED (current versus long-term classification) Balance Sheet at December 31, 2018. ($ millions).
Use the accounts below for Stanley Black and Decker to prepare a CLASSIFIED (current versus long-term classification) Balance Sheet at December 31, 2018. ($ millions). In addition, Retained Earnings at December 31, 2017 was $10,000, Net Income for the year ended December 31, 2018 was 40,000 and 4,000 was paid out in dividends during 2018.
Cash 10,000
Accounts receivable 6,000
Inventory 10,000
Land and Building 76,000
Accounts payable 1,000
Long-term debt 30,000
Contributed capital 25,000
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