Question: Given the following information about Oriole Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and



Given the following information about Oriole Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, inventory of $165,200, net fixed assets of $329,800, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $223,200, and common stock of $150,000. How much retained earnings did the firm have? Retained earnings Carla Vista Enterprises has total current assets of $335,002 and fixed assets of $463,306. The company also has long-term debt of $274,400, $100,000 in its common stock account, and retained earnings of $187,570. What is the value of its total current liabilities? Total current liabilities $ Which of the following is NOT true about goodwill? O It equals the premium paid over the fair market value of the assets acquired in a merger. O It is an intangible asset. It represents the value of all unrecorded assets acquired in a merger. O It reduces the firm's net worth by that amount
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