How a balance sheet should be structured in order to provide the most efficient information set...
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How a balance sheet should be structured in order to provide the most efficient information set and why? (3 points) Based on the information, structure a classified balance sheet (15 points) Cash Short-term investments Notes receivable Accounts receivable Inventory Debit 16,000 16,500 5,000 138,000 72,500 Credit Prepaid rent 800 Prepaid insurance 2,400 Office supplies 860 Prepaid advertisement 1,840 Buildings 24,800 Land 11,700 Machinery 20,600 Acc. Depreciation-machinery 14,200 Trademark 2,000 Accounts payable 57,300 Wages payable 2,600 Interest payable 420 Long-term notes payable. 40,000 Capital 198,480 313,000 313,000 c) Analyze all this company's main information of interest to you as one of its main suppliers. (7 points) How a balance sheet should be structured in order to provide the most efficient information set and why? (3 points) Based on the information, structure a classified balance sheet (15 points) Cash Short-term investments Notes receivable Accounts receivable Inventory Debit 16,000 16,500 5,000 138,000 72,500 Credit Prepaid rent 800 Prepaid insurance 2,400 Office supplies 860 Prepaid advertisement 1,840 Buildings 24,800 Land 11,700 Machinery 20,600 Acc. Depreciation-machinery 14,200 Trademark 2,000 Accounts payable 57,300 Wages payable 2,600 Interest payable 420 Long-term notes payable. 40,000 Capital 198,480 313,000 313,000 c) Analyze all this company's main information of interest to you as one of its main suppliers. (7 points)
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