Question: The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare

 The data listed below are taken from a balance sheet of
Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts.

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) Cash and cash equivalents $ 248,286 Short-term investments 363,700 Accounts receivable 514,944 Inventory Prepaid expenses (current) 93,259 Total current assets 1,694,927 Long-term receivables 120,800 Equipment (net) Total assets Notes payable (current) 41,116 Accounts payable Accrued liabilities 431,772 Other current liabilities 191,604 Total current liabilities 703,564 Long-term debt Total liabilities 1,056,140 Common stock 470,627 Retained earnings 1,000,000 Required Required 2 > Required 1 Required 2 Prepare Trident's classified balance sheet. (Enter the answers in thousands of dollars.) TRIDENT CORPORATION Balance Sheet (sin 000s) At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment $ 0 Total assets Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!