Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are the spontaneous liabilities on this balance sheet? Cash $ 174.90 $ 201.14 Accounts receivable $ 741.80 $ 853.07 Inventory $ 1,366.40 $ 1,571.36
What are the spontaneous liabilities on this balance sheet?
Cash | $ 174.90 | $ 201.14 |
Accounts receivable | $ 741.80 | $ 853.07 |
Inventory | $ 1,366.40 | $ 1,571.36 |
Other current assets | $ 174.10 | $ 200.22 |
Total current assets | $ 2,457.20 | $ 2,825.78 |
Net plant and equipment | $ 1,266.40 | $ 1,456.36 |
Other long-term assets | $ 76.30 | $ 87.75 |
Total assets | $ 3,799.90 | $ 4,369.89 |
Accounts payable | $ 192.80 | $ 221.72 |
Accrued expenses | $ 348.90 | $ 401.24 |
Short-term debt | $ 3.00 | $ 3.00 |
Total current liabilities | $ 544.70 | $ 625.96 |
Long-term debt | $ 342.00 | $ 342.00 |
Other long-term liabilities | $ 209.20 | $ 240.58 |
Total liabilities | $ 1,095.90 | $ 1,208.54 |
Common stock and paid-in surplus | $ 70.10 | $ 70.10 |
Retained earnings | $ 2,633.90 | $ 2,970.05 |
Total equity | $ 2,704.00 | $ 3,040.15 |
Total liabilities and owners' equity | $ 3,799.90 | $ 4,248.68 |
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