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il - Bryce Nachts...
Question 7 of 10
-1
The following items are taken from the financial statements of Carla Vista Co. at December 31,2025.
Land
Accounts receivable
Supplies
Cash
Equipment
Buildings
Land improvements
Notes receivable (due in 2026)
Accumulated depreciztion-land improvements
Common stock
Retained earnings (Deember 31,2025)
Accumulated depreciation - buildings
Accounts payable
Mortgage payable
Accumulated depreciation-equipment
Interest payable
Income taxes payable
Patents
Investments instock (long-term)
Debt investments (short-term) $195,000
22,100
9,200
11,950
82.800
264,000
46,400
6,500
12,000
76.000
493.000
33,100
10.400
101,550
19.000
3.000-=14.500
47.800
71,600
5.200
Prepare a classified balance sheet. Assume that $10.100 of the mortgage payable will be pald in 2026.(List Current Assets in order of liquidity. List Property, Plant, and Equipment In order of Land. Buildings, Equipment, and Land Impravements.)
CARLA VISTA CO.
Balance Sheet
Detember 31,2025
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