Prepare a classified balance sheet ignoring monetary accounts the data listed below are taken from a balance
Question:
Prepare a classified balance sheet ignoring monetary accounts
the data listed below are taken from a balance sheet of trident corporation at december 31 2016 some amounts, indicated by question marka have been intentionally omitted. ($in000s)
cash and cash equivalents 239,186
short term investments 353,700
Accounts recievable (net of allowance) 504,944
Inventories ?
Prepaid expenses (current) 83,259
total current assets 1,594,927
long term recievables 110,800
property and equipment (net) ?
total assets ?
notes payable and short term debt 31,116
accounts payable ?
accrued liabilites 421,772
other current liabilites 181,604
total current liabilites 693,564
long term debt and deffered taxes ?
total liabilites 956,140
Shareholders equity 1,370,627
Required
1. Dertermine the missing accounts
2. Prepare tridents classified balance sheet.
TIP: you may find this easier to do if you lay it out in complete balance sheet form (as in instr. 2)
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