Question: Help The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional information




Help The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional information from NIC's accounting records is provided also. 11 NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in millions) Assets 157 $ 150 Cash 440 Accounts receivable Lesss Allowance for uncollectible 447 accounts 15 420 130 290 Prepaid insurance Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation Trademark 429 81 290 408 (157)(140) 31 390 35 $1,686 1,723 Liabilities Accounto payable Salaries payable Deferred income tax liability Lease 1iability Bonds payable Less: Diacount on bonda $ 54 76 19 25 100 340 190 (33) (39) Next > ll 2 of 15 2 of 15 Statement of Cash Flows For year ended December 31, 2018 Cash inflows Cash outflows: Noncash investing and financing activities
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