Lake Company provided following information for the current year ended December 31. Debit Bonds payable, due in
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Debit Bonds payable, due in 10 years investments at fair value (current Accounts payable Additional paid-in capital Dividends payable Equipment under capital lease Intangible assets -net Merchandise inventory Income taxes payable S 200,975 S 25,000 135,000 400,000 207000 667500 32,525 2,750 20,000 100,000 Accumulated other comprehensive income Current portion of long-term debt Property, plant, and equipment-net Investments in atfiliate companies inoncurrent Accounts receivable Notes payable, due in 5 years Retained earnings Obligations under capital leases Obligations under pension plans Deferred tax liability (noncurrent) Common stock, $1 par value 1,098.000 43.000 60,000 300,000 701,735 210,500 185,400 16,000 664,715 $2,970,050 S2,970,050
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a Report Format Lake Company Balance Sheet At December 31 Assets Current Year Current Assets Cash 12750 Investments at Fair Value 25000 Accounts Recei...View the full answer
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Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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