Question: Chec me statement for 2018 are given below for Arduous Company. The comparative balance sheets for 2018 and 2017 and the inco Additional information from

 Chec me statement for 2018 are given below for Arduous Company.
The comparative balance sheets for 2018 and 2017 and the inco Additional
information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance
Sheets December 31, 2018 and 2017 ( in millions) 2018 2017 Assets

Chec me statement for 2018 are given below for Arduous Company. The comparative balance sheets for 2018 and 2017 and the inco Additional information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ( in millions) 2018 2017 Assets $ 119 195 86 204 Cash Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment 12 205 18 10 172 206 417 (99) 130 155 410 Buildings and equipment Less: Accumulated depreciation Patent (130) 37 34 $1,279 $1,124 Liabilities $55 75 21 Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable Less: Discount on bonds Shareholders' Equity 14 17 13 21 80 220 285 (27) (30) 415 445 Common stock 105 80 Paid-in capital-excess of par Preferred stock 227 245 Retained earnings 7of 15111 Next >

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