Question

Following is a list of items taken from the December 31, 2014, balance sheet of Reagan Company (amounts omitted):
Accounts payable
Accrued expenses
Accumulated depreciation—buildings
Accumulated depreciation—machinery and equipment
Bonds payable
Buildings
Cash
Common stock
Contributed capital in excess of par
Current portion of long-term debt
Deferred tax liability (noncurrent)
Finished products inventory
Goodwill
Income taxes payable
Land
Machinery and equipment
Notes payable to banks (short term)
Preferred stock
Prepaid expenses
Raw materials
Retained earnings
Short-term investments
Trade accounts receivable
Trademarks
Work-in-process inventory

Required:
Using the above information, prepare a classified balance sheet in good form.




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  • CreatedSeptember 10, 2014
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