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[solution] » Construct ABC & Company's 201 5 year-end Balance Sheet using

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Construct ABC & Company's 201 5 year-end Balance Sheet using
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  • Construct ABC & Company?s 2015 year-end Balance Sheet using the asset, liability, and equity accounts listed below:

                Retained Earnings $121,000,000

                Accounts Payable $114,000,000

                Accounts Receivable $86,000,000

                Common Stock $179,352,000

                Cash $12,672,000

                Short Term Debt $3,000,000

                Inventory $84,000,000

                Goodwill $60,000,000

                Long Term Debt $148,000,000

                Other Non-Current Liabilities $30,000,000

                PP&E $450,000,000

                Other Non-Current Assets $28,000,000

                Long-Term Investments $50,680,000

                Other Current Assets $24,000,000


1. Construct ABC & Company?s 2015 year-end Balance Sheet using the asset, liability, and equity

 

accounts listed below:

 

Retained Earnings $121,000,000

 

Accounts Payable $114,000,000

 

Accounts Receivable $86,000,000

 

Common Stock $179,352,000

 

Cash $12,672,000

 

Short Term Debt $3,000,000

 

Inventory $84,000,000

 

Goodwill $60,000,000

 

Long Term Debt $148,000,000

 

Other Non-Current Liabilities $30,000,000

 

PP&E $450,000,000

 

Other Non-Current Assets $28,000,000

 

Long-Term Investments $50,680,000

 

Other Current Assets $24,000,000

 







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