Waterway Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet...
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Waterway Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Waterway Company Balance Sheet For the Year Ended 2025 Current assets Cash Accounts receivable (net). Inventory (lower-of-cost-or-net realizable value) Equity investments (to be sold in the next year)-at cost (fair value $132,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use. Intangible assets Goodwill Held-to maturity debt investment. Prepaid expenses Current liabilities $242,000 352,000 413,000 152,000 582,000 172,000 187,000 92,000 102,000 24,000 A Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400.000 shares, issued 302,000 Paid-in capital in excess of par Retained earnings 24,000 147,000 137,000 94,000 61,000 65,000 512,000 302,000 172,000 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $172,000 and for the equipment, $117,000. The allowance for doubtful accounts has a balance of $29,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.). WATERWAY COMPANY Ralance Sheat Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $172,000 and for the equipment. $117,000. The allowance for doubtful accounts has a balance of $29,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) WATERWAY COMPANY Balance Sheet Assets LON Liabilities and Stockholders' Equity $ Waterway Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Waterway Company Balance Sheet For the Year Ended 2025 Current assets Cash Accounts receivable (net). Inventory (lower-of-cost-or-net realizable value) Equity investments (to be sold in the next year)-at cost (fair value $132,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use. Intangible assets Goodwill Held-to maturity debt investment. Prepaid expenses Current liabilities $242,000 352,000 413,000 152,000 582,000 172,000 187,000 92,000 102,000 24,000 A Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders' equity Common stock, $1.00 par, authorized 400.000 shares, issued 302,000 Paid-in capital in excess of par Retained earnings 24,000 147,000 137,000 94,000 61,000 65,000 512,000 302,000 172,000 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $172,000 and for the equipment, $117,000. The allowance for doubtful accounts has a balance of $29,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.). WATERWAY COMPANY Ralance Sheat Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $172,000 and for the equipment. $117,000. The allowance for doubtful accounts has a balance of $29,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) WATERWAY COMPANY Balance Sheet Assets LON Liabilities and Stockholders' Equity $
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Balance sheet It is a part of financial statements ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
Posted Date:
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