Question

McFadden Corp. reports the following balances on their December 31, 20X2 Balance Sheet:
($000)
Accounts Payable.......... 60
Accounts Receivable....... 120
Accumulated Depreciation... 350
Fixed Assets (Net) ....... 900
Inventory........... 150
Long Term Debt....... 400
Paid in Excess ....... 160
Retained Earnings....... 380
Total Assets....... 1,240
Total Liabilities......... 500 (long term debt + current liabilities)
All of the remaining accounts are listed below. Calculate the balance in each.
Accruals
Cash
Common Stock
Fixed Assets (Gross)
Total Current Assets
Total Current Liabilities
Total Equity


$1.99
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  • CreatedMay 14, 2015
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