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DSW, Inc., is a designer shoe warehouse that sells luxurious and fashionable shoes at prices that people can actually afford. Its balance sheet, at February 3, 2020, contained the following (listed alphabetically, amounts in thousands) Accounts Payable Accounts Receivable Cash Contributed Capital Notes Payable Other Assets Other Liabilities Property, Plant, and Equipment Retained Earnings Total Assets Total Liabilities and Shareholders' Equity Source: DSW, Inc. $131,437 14,876 46,920 302,480 104,183 503,591 83,342 240,723 184,668 806,110 ? Required: 1. Prepare the balance sheet as of February 3, solving for the missing amount (Enter your answers in thousands.) 2. As of February 3, did most of the financing for assets come from creditors or shareholders? I A) Shareholders B) Creditors DSW, Inc., is a designer shoe warehouse that sells luxurious and fashionable shoes at prices that people can actually afford. Its balance sheet, at February 3, 2020, contained the following (listed alphabetically, amounts in thousands) Accounts Payable Accounts Receivable Cash Contributed Capital Notes Payable Other Assets Other Liabilities Property, Plant, and Equipment Retained Earnings Total Assets Total Liabilities and Shareholders' Equity Source: DSW, Inc. $131,437 14,876 46,920 302,480 104,183 503,591 83,342 240,723 184,668 806,110 ? Required: 1. Prepare the balance sheet as of February 3, solving for the missing amount (Enter your answers in thousands.) 2. As of February 3, did most of the financing for assets come from creditors or shareholders? I A) Shareholders B) Creditors
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Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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