At December 31, 2016 Aloha Enterprises has cash of $50 million, accounts receivable of $19 million, and
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At December 31, 2016 Aloha Enterprises has cash of $50 million, accounts receivable of $19 million, and long-term assets of $39 million. The company owes accounts payable of $13 million and has a long-term note payable of $25 million. Aloha Enterprises has common stock of $20 million and retained earnings of $50 million. Prepare Aloha Enterprises's balance sheet at December 31, 2016, complete with its proper heading.
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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