T A Madison Makeup reported the following on its most recent financial statements (in B 2 3 Miscellaneous financial information 4 Total liabilities 5 Marketable securities 6 Net working capital 7 Short-term debt 8 Total current liabilities 9 Total revenue 10 Total stockholders' equity 11 Current portion of LT debt 12 Operating net working capital 13 Long-term debt (in LT liabilities) 14 15 What did Madison Makeup report as long-term assets? Amount 298,916 C 360,058 27,135 129,494 358,570 1,187,584 18,285 224,100 128,901

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A
Madison Makeup reported the following on its most recent financial statements (in
2!
3 Miscellaneous financial information
4 Total liabilities
5
Marketable securities
6 Net working capital
7 Short-term debt
8 Total current liabilities
b9 Total revenue
B
10 Total stockholders' equity
11 Current portion of LT debt
bl
12 Operating net working capital
13 Long-term debt (in LT liabilities)
14
m 15 What did Madison Makeup report as long-term assets?
16
Amount
298,916
0
360,058
27,135
129,494
358,570
1,187,584
18,285
224,100
128,901
Transcribed Image Text:A Madison Makeup reported the following on its most recent financial statements (in 2! 3 Miscellaneous financial information 4 Total liabilities 5 Marketable securities 6 Net working capital 7 Short-term debt 8 Total current liabilities b9 Total revenue B 10 Total stockholders' equity 11 Current portion of LT debt bl 12 Operating net working capital 13 Long-term debt (in LT liabilities) 14 m 15 What did Madison Makeup report as long-term assets? 16 Amount 298,916 0 360,058 27,135 129,494 358,570 1,187,584 18,285 224,100 128,901
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