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The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Trident's classifled balance sheet. (Enter the answers in thousands of dollars.) TRIDENT CORPORATION Balance Sheet ($ in 000») At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment Total assets $ Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Trident's classifled balance sheet. (Enter the answers in thousands of dollars.) TRIDENT CORPORATION Balance Sheet ($ in 000») At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment Total assets $ Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities

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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The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021.

Required:
2. Prepare Trident's classified balance sheet.
  

($ in 000s) Cash and cash equivalents 24 258,286 Short-term investments 373,700 Accounts receivable 524,944 Inventory Prepaid expenses (current) Total current assets 534,738 103,259 1,794,927 Long-term receivables 130,800 Equipment (net) Total assets 1,514,604 3,440,331 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities 51,116 19,072 441,772 201,604 Total current liabilities Long-term debt Total liabilities 713,564 1,156,140 1,156,140 Common stock Retained earnings 570,627 1,000,000
Transcribed Image Text:($ in 000s) Cash and cash equivalents 24 258,286 Short-term investments 373,700 Accounts receivable 524,944 Inventory Prepaid expenses (current) Total current assets 534,738 103,259 1,794,927 Long-term receivables 130,800 Equipment (net) Total assets 1,514,604 3,440,331 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities 51,116 19,072 441,772 201,604 Total current liabilities Long-term debt Total liabilities 713,564 1,156,140 1,156,140 Common stock Retained earnings 570,627 1,000,000
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Trident's classifled balance sheet. (Enter the answers In thousands of dollars.) TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment Total assets 24 Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities
Transcribed Image Text:The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Trident's classifled balance sheet. (Enter the answers In thousands of dollars.) TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment Total assets 24 Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities
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