Question: The following partial balance sheet ( $ in thousands ) for Paisano Seafood Incorporated is shown below. The following partial balance sheet ($ in thousands)
The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown below- Assets Current assets : Cash Accounts receivable Notes receivable Inventory Prepaid expenses ( net ) $ 70 179 65 203 34 551 264 $ 815 xab x e Current liabilities : Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total current assets Equipment (net) Total assets Total. liabilities Shareholders' equity: Common stock Retained earnings Total shareholders Total liabilities equity and equity $ 238 68 306 102 408 139 268 407 $ 815
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