The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018. Someamounts, indicated by question marks, have been intentionally omitted.($ in thousands)Cash and cash equivalents $ 239,186Short-term investments 353,700Accounts receivable (net of allowance) 504,944Inventories ?Prepaid expenses (current) 83,259Total current assets 1,594,927Long-term receivables 110,800Property and equipment (net) ?Total assets ?Notes payable and short-term debt 31,116Accounts payable ?Accrued liabilities 421,772Other current liabilities 181,604Total current liabilities 693,564Long-term debt and deferred taxes ?Total liabilities 956,140Shareholders’ equity 1,370,627Required:1. Determine the missing amounts.2. Prepare Trident’s classified balance sheet.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018. Some
amounts, indicated by question marks, have been intentionally omitted.
($ in thousands)
Cash and cash equivalents $ 239,186
Short-term investments 353,700
Accounts receivable (net of allowance) 504,944
Inventories ?
Prepaid expenses (current) 83,259
Total current assets 1,594,927
Long-term receivables 110,800
Property and equipment (net) ?
Total assets ?
Notes payable and short-term debt 31,116
Accounts payable ?
Accrued liabilities 421,772
Other current liabilities 181,604
Total current liabilities 693,564
Long-term debt and deferred taxes ?
Total liabilities 956,140
Shareholders’ equity 1,370,627
Required:
1. Determine the missing amounts.
2. Prepare Trident’s classified balance sheet.

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