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The investment account includes an irvestment in common slock of another corporation of $ which management intends to hold for at least thee years.
The balance of these investments is intended to be sold in the coming year.
The land account includes land which coet $ that the company has not used and is cumtently listed for sale.
The cash accourt includes $ restricted in a fund to pary bonds payable that mature in and $ restricted in a threemonth Treasury bill.
The notes paryable account consists of the following:
a a $ note due in months.
b a $ nobe due in she years.
c a $ note due in five annual inataliments of $ each, with the next instalment due February
The $ balance in accounts recelvable is reet of an allowince for unoolectible accounts of $
The common stock account represents shares of no par walue common stock issued and outstanding. The corporation has
shanes authorized.. Prepare a classified balance sheet for the Almway Corporation at December
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