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Business
Accounting
($ in 000s) Cash and cash equivalents $247,286 Short-term investments 362,700 Accounts receivable 513,944 Inventory 468,738 Prepaid expenses (current) 92,259 Total current assets 1,684,927 Long-term receivables 119,800 Equipment (net)   Total assets   Notes payable (current) 40,116 Accounts payable 41,072 Accrued liabilities 430,772 Other current liabilities 190,604 Total current liabilities 702,564 Long-term debt 343,576 Total liabilities 1,046,140 Common stock 460,627 Retained earnings 1,000,000   1. Find Equipment (net) 2. Find Total Assests

($ in 000s) Cash and cash equivalents $247,286 Short-term investments 362,700 Accounts receivable 513,944 Inventory 468,738 Prepaid expenses (current) 92,259 Total current assets 1,684,927 Long-term receivables 119,800 Equipment (net)   Total assets   Notes payable (current) 40,116 Accounts payable 41,072 Accrued liabilities 430,772 Other current liabilities 190,604 Total current liabilities 702,564 Long-term debt 343,576 Total liabilities 1,046,140 Common stock 460,627 Retained earnings 1,000,000   1. Find Equipment (net) 2. Find Total Assests

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  ($ in 000s)
Cash and cash equivalents $247,286
Short-term investments 362,700
Accounts receivable 513,944
Inventory 468,738
Prepaid expenses (current) 92,259
Total current assets 1,684,927
Long-term receivables 119,800
Equipment (net)  
Total assets  
Notes payable (current) 40,116
Accounts payable 41,072
Accrued liabilities 430,772
Other current liabilities 190,604
Total current liabilities 702,564
Long-term debt 343,576
Total liabilities 1,046,140
Common stock 460,627
Retained earnings 1,000,000

 

1. Find Equipment (net)

2. Find Total Assests 

Expert Solution
Step 1: Balance sheet analysis

The balance sheet is a summary of permanent accounts prepared at the end of the accounting period. It is an essential part of financial statements. The balance sheet includes categories of current assets, long-term assets, current liabilities, long-term liabilities, and shareholders' equity.

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