Presented below is the balance sheet for hhd, inc., at december 31, 2016. current assets $ 676,000 current liabilities $ 476,000 investments 557,000 long-term liabilities 587,000 property, plant, and equipment 2,532,000 shareholders' equity 2,940,000 intangible assets 238,000 total assets $ 4,003,000 total liabilities and shareholders' equity $ 4,003,000 the captions shown in the summarized statement above include the following: a. current assets: cash, $169,000; accounts receivable, $219,000; inventories, $244,000; and prepaid insurance, $44,000.b. investments: investments in common stock, short term, $109,000, and long term, $179,000; and restricted cash, long term, $269,000.c. property, plant, and equipment: buildings, $1,690,000 less accumulated depreciation, $619,000; equipment, $690,000 less accumulated depreciation, $219,000; and land, $990,000.d. intangible assets: patent, $129,000; and copyright, $109,000.e. current liabilities: accounts payable, $119,000; notes payable, short term, $169,000, and long term, $109,000; and taxes payable, $79,000.f. long-term liabilities: bonds payable due 2021.g. shareholders’ equity: common stock, $1,950,000; retained earnings, $990,000. five hundred thousand shares of no par common stock are authorized, of which 390,000 shares were issued and are outstanding.required: prepare a corrected classified balance sheet for hhd, inc., at december 31, 2016. (amounts to be deducted should be indicated by a minus sign.)
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Ответ:
2016Balance Sheet
$169,000Cash
$109,000Investment in Common Stock
$219,000Accounts Receivable
$244,000Inventory
$44,000 Prepaid Insurances
$785,000 TOTAL CURRENT ASSETS
$990,000Land
$690,000Machinery and Equipment
-$219,000Accum Depreciation
$1,690,000Buildings
-$619,000Accum Depreciation
$129,000Patents
$269,000Restricted Cash
$109,000Copyright
$179,000Investment in Common Stock
$3,218,000 TOTAL NONCURRENT ASSETS
$4,003,000 TOTAL ASSETS
$119,000 Accounts Payable
$79,000 Taxes Payable
$169,000 Notes Payable
$367,000 TOTAL CURRENT LIABILITIES
$587,000 Bonds Payable 2021
$109,000 Notes Payable
$696,000 TOTAL NONCURRENT LIABILITIES
$1,063,000 TOTAL LIABILITIES
$1,950,000 Common Stock
$990,000 Retained Earnings
$2,940,000 TOTAL EQUITY
$4,003,000 TOTAL EQUITY + LIABILITIES
Explanation:
Account of Current Assets , the criteria is to have a liquidity speed less than one yearCash
Investment in Common Stock
Accounts Receivable
Inventory
Prepaid Insurances
Account of Non Current Assets , the criteria is to have a liquidity speed more than one year and are known as fixed assetsLand
Machinery and Equipment
Accum Depreciation
Buildings
Accum Depreciation
Patents
Restricted Cash
Copyright
Investment in Common Stock
Account of Current Liabilities , the criteria is to have a liquidity speed less of one yearAccounts Payable
Taxes Payable
Notes Payable
Account of Non Current Liabilities, the criteria is to have a liquidity speed more than one year and are known as long term financingBonds Payable 2021
Notes Payable
Account of Total EquityCommon Stock
Retained Earnings
Liquidity is defined as the speed of the assets that will be converted into cash, Assets that take less days to buy or sell are more liquid than others.
Cash is the most liquid asset, then Accounts Receivable and Inventories for the end, in the middle there are different assets such as capital investments.
Prepaid expenses are not liquid because these accounts do not mean that the company can get cash unless the company has rights to something.
Ответ:
(x, x2 − 3x − 28) for all real numbers
Step-by-step explanation: