At December 31, 2021, Flower Corporation has cash of $60 million, accounts receivable of $27 million,...

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At December 31, 2021, Flower Corporation has cash of $60 million, accounts receivable of $27 million, and long-term assets of $39 million. The company owes accounts payable of $15 million and has a long-term note payable of $34 million. Flower has common stock of $22 million and retained earnings of $55 million. Prepare Flower Corporation's balance sheet at December 31, 2021, complete with its proper heading. Start with the heading and then complete the assets section of the statement and finally complete the liabilities and stockholders' equity section of the statement. (Enter all amounts in millions. Classify the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders equity section of the balance sheet. If an input field is not used in the table leave the field empty; do not select a label or enter a zero.) Current assets: Assets (in millions) Current liabilities: Liabilities (in millions) At December 31, 2021, Flower Corporation has cash of $60 million, accounts receivable of $27 million, and long-term assets of $39 million. The company owes accounts payable of $15 million and has a long-term note payable of $34 million. Flower has common stock of $22 million and retained earnings of $55 million. Prepare Flower Corporation's balance sheet at December 31, 2021, complete with its proper heading. Current assets: Total assets Current liabilities: Stockholders' Equity Total liabilities and stockholders' equity At December 31, 2021, Flower Corporation has cash of $60 million, accounts receivable of $27 million, and long-term assets of $39 million. The company owes accounts payable of $15 million and has a long-term note payable of $34 million. Flower has common stock of $22 million and retained earnings of $55 million. Prepare Flower Corporation's balance sheet at December 31, 2021, complete with its proper heading. Start with the heading and then complete the assets section of the statement and finally complete the liabilities and stockholders' equity section of the statement. (Enter all amounts in millions. Classify the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders equity section of the balance sheet. If an input field is not used in the table leave the field empty; do not select a label or enter a zero.) Current assets: Assets (in millions) Current liabilities: Liabilities (in millions) At December 31, 2021, Flower Corporation has cash of $60 million, accounts receivable of $27 million, and long-term assets of $39 million. The company owes accounts payable of $15 million and has a long-term note payable of $34 million. Flower has common stock of $22 million and retained earnings of $55 million. Prepare Flower Corporation's balance sheet at December 31, 2021, complete with its proper heading. Current assets: Total assets Current liabilities: Stockholders' Equity Total liabilities and stockholders' equity

Answer rating: 100% (QA)

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