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Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows. or each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets b. d. $245,891 0x 19,971 0x 312,747 165,880 $16.312 5,148 x 235,874 322,805 14,243 0x Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Income taxes payable Current portion of long-term debt Accrued expenses Total current liabilities Long-term debt Deferred income taxes Pension liability Total liabilities Stockholders' equity Preferred stock, no par value (authorized 16,000 shares, issued 3,840 shares) h. 417,690 Common stock, $5 par value (authorized 640,000 shares, issued 32,000 shares) i. 23,797 Additional paid-in capital 12,682 $1,058,838 Retained earnings Total contributed capital e. Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (5,474 shares) Total stockholders' equity Total liabilities and stockholders' equity k. $136,762 0x 10,274 7,829 9.046 0x 0x 117,960 40,000 0x f. 8. į. L m. 9 $177,221 195,206 ox 56,218 0x 0x 290,354 0x 34,894 556,269 0x

Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows. or each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets b. d. $245,891 0x 19,971 0x 312,747 165,880 $16.312 5,148 x 235,874 322,805 14,243 0x Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Income taxes payable Current portion of long-term debt Accrued expenses Total current liabilities Long-term debt Deferred income taxes Pension liability Total liabilities Stockholders' equity Preferred stock, no par value (authorized 16,000 shares, issued 3,840 shares) h. 417,690 Common stock, $5 par value (authorized 640,000 shares, issued 32,000 shares) i. 23,797 Additional paid-in capital 12,682 $1,058,838 Retained earnings Total contributed capital e. Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (5,474 shares) Total stockholders' equity Total liabilities and stockholders' equity k. $136,762 0x 10,274 7,829 9.046 0x 0x 117,960 40,000 0x f. 8. į. L m. 9 $177,221 195,206 ox 56,218 0x 0x 290,354 0x 34,894 556,269 0x

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows. For each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets b. d. $245,891 0x 19,971 0 x 312,747 165,880 C. $16,312 5,148 x 235,874 322,805 14,243 0 x Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Income taxes payable Current portion of long-term debt Accrued expenses Total current liabilities Long-term debt Deferred income taxes Pension liability Total liabilities Stockholders' equity Preferred stock, no par value (authorized 16,000 shares, issued 3,840 shares) h. 417,690 Common stock, $5 par value (authorized 640,000 shares, issued 32,000 shares) 23,797 Additional paid-in capital 12,682 Total contributed capital $1,058,838 Retained earnings e. Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (5,474 shares) Total stockholders' equity Total liabilities and stockholders' equity k. $136,762 0x 10,274 7,829 9,046 0 x 0x 117,960 40,000 0x f. |j. I. m. $ $177,221 195,206 0 x 56,218 0x 0 x 290,354 0 x 34,894 556,269 0 x
Transcribed Image Text:Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows. For each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets b. d. $245,891 0x 19,971 0 x 312,747 165,880 C. $16,312 5,148 x 235,874 322,805 14,243 0 x Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Income taxes payable Current portion of long-term debt Accrued expenses Total current liabilities Long-term debt Deferred income taxes Pension liability Total liabilities Stockholders' equity Preferred stock, no par value (authorized 16,000 shares, issued 3,840 shares) h. 417,690 Common stock, $5 par value (authorized 640,000 shares, issued 32,000 shares) 23,797 Additional paid-in capital 12,682 Total contributed capital $1,058,838 Retained earnings e. Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (5,474 shares) Total stockholders' equity Total liabilities and stockholders' equity k. $136,762 0x 10,274 7,829 9,046 0 x 0x 117,960 40,000 0x f. |j. I. m. $ $177,221 195,206 0 x 56,218 0x 0 x 290,354 0 x 34,894 556,269 0 x
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