Given the following information for Smashville, Inc., construct a balance sheet:
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 of...
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![Given the following information for Smashville, Inc., construct a balance sheet:
$22,000
$21,000
$102,000
$37,000
$120,000
$12,000
$33,000
$64,000
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
Cash
21,000 Current liabilities
2$
22,000
Operating assets
64,000 Long-term debt
102,000
Fixed assets
120,000 Other liabilities
12,000
Investments
33,000
Other assets
37,000 Stockholder equity
139,000+/-0.1%
Total assets
$
275,000+/-0.1% Total liabilities and equity
2$
275,000+/-0.1%
F
F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F531c135e-43c5-40a3-957b-6527d4057224%2Fd86a483e-c4cd-4fcb-9d25-a627403b1f00%2Fl17th6a_processed.png&w=3840&q=75)
Transcribed Image Text:Given the following information for Smashville, Inc., construct a balance sheet:
$22,000
$21,000
$102,000
$37,000
$120,000
$12,000
$33,000
$64,000
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
Cash
21,000 Current liabilities
2$
22,000
Operating assets
64,000 Long-term debt
102,000
Fixed assets
120,000 Other liabilities
12,000
Investments
33,000
Other assets
37,000 Stockholder equity
139,000+/-0.1%
Total assets
$
275,000+/-0.1% Total liabilities and equity
2$
275,000+/-0.1%
F
F
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