Question: Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 Accounts receivable

Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 Accounts receivable

Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 Accounts receivable 105,500 Work in process inventory 155,000 Supplies 71,600 Materials inventory 87,500 Cash 110,000

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