Question
using the financial data that follows for Walldorf Company. The end of the fiscal period is August 31. Separate the current assets from fixed assets
using the financial data that follows for Walldorf Company. The end of the fiscal period is August 31. Separate the current assets from fixed assets and the current liabilities from long-term debt.
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Accounts receivable $1,312,000 Accounts payable $1,022,000 Additional paid-in capital $1,110,000 Cash and cash equivalents $ 83,000 Common stock, $1 par value $ 74,000 Credit line $ 100,000 Current portion of long-term debt $ 52,000 Inventory $ 1,270,000 Long-term debt $ 1,037,000 Other current assets and accruals $ 85,000 Other long-term assets $ 213,000 Other long-term liabilities $ 525,000 Property, plant, and equipment $2,230,000 Retained earnings $1,273,000
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