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The following items are taken from the financial statements of Carla Vista Co. at December 31, 2025. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements $195,000 21,800 10,200 11,950 82,800 263.200 45,850 5,500 Notes receivable (due in 2026) Accumulated depreciation-land improvements 12,200 Common stock 77,500 Retained earnings (December 31, 2025) 509,000 33,800 9.100 Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) 81,300 18.900 3,400 15,600 46,800 72,800 4,900 Prepare a classified balance sheet. Assume that $9,400 of the mortgage payable will be paid in 2026. (List Current Assets in order of liquidity List Property, Plant, and Equipment in order of Land, Buildings, Equipment, and Land Improvements.) Current Assets Cash Debt Investments Accounts Recebrate Notes Receivable Supplies Total C Intangible Assets Property, Plant and Louipment Buildings Accumulate Decision Balding Equipment Loss Accumulated Depreciation-Equipment Land Improvements Accumulated Depreciation-Land Improvements Total Property, Plant, and Equipment Intangible Assets Patents Total Assets Current Liabilities Accounts Payable Debt Investments Income Taxes Payable Interest Payati Testal Creditition Long-Term Liablitics Total Liablitics Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity CARLA VISTA CO. Balance Sheet For the Year Ended December 31, 2025 Assets 26-3,200 33.800 82.800 13,900 12,99 4.9 21,BC OLDE 10.2 195,00 229,41 GOSPE 12.200 30,61 Liabilities and Stockholders' Equity 25.01 3,40 77,50 509.00

The following items are taken from the financial statements of Carla Vista Co. at December 31, 2025. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements $195,000 21,800 10,200 11,950 82,800 263.200 45,850 5,500 Notes receivable (due in 2026) Accumulated depreciation-land improvements 12,200 Common stock 77,500 Retained earnings (December 31, 2025) 509,000 33,800 9.100 Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) 81,300 18.900 3,400 15,600 46,800 72,800 4,900 Prepare a classified balance sheet. Assume that $9,400 of the mortgage payable will be paid in 2026. (List Current Assets in order of liquidity List Property, Plant, and Equipment in order of Land, Buildings, Equipment, and Land Improvements.) Current Assets Cash Debt Investments Accounts Recebrate Notes Receivable Supplies Total C Intangible Assets Property, Plant and Louipment Buildings Accumulate Decision Balding Equipment Loss Accumulated Depreciation-Equipment Land Improvements Accumulated Depreciation-Land Improvements Total Property, Plant, and Equipment Intangible Assets Patents Total Assets Current Liabilities Accounts Payable Debt Investments Income Taxes Payable Interest Payati Testal Creditition Long-Term Liablitics Total Liablitics Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity CARLA VISTA CO. Balance Sheet For the Year Ended December 31, 2025 Assets 26-3,200 33.800 82.800 13,900 12,99 4.9 21,BC OLDE 10.2 195,00 229,41 GOSPE 12.200 30,61 Liabilities and Stockholders' Equity 25.01 3,40 77,50 509.00

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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The following items are taken from the financial statements of Carla Vista Co. at December 31, 2025. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements $195,000 21,800 10,200 11,950 82,800 263.200 45,850 5,500 Notes receivable (due in 2026) Accumulated depreciation-land improvements 12,200 Common stock 77,500 Retained earnings (December 31, 2025) 509,000 33,800 9.100 Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) 81,300 18.900 3,400 15,600 46,800 72,800 4,900 Prepare a classified balance sheet. Assume that $9,400 of the mortgage payable will be paid in 2026. (List Current Assets in order of liquidity List Property, Plant, and Equipment in order of Land, Buildings, Equipment, and Land Improvements.) Current Assets Cash Debt Investments Accounts Recebrate Notes Receivable Supplies Total C Intangible Assets Property, Plant and Louipment Buildings Accumulate Decision Balding Equipment Loss Accumulated Depreciation-Equipment Land Improvements Accumulated Depreciation-Land Improvements Total Property, Plant, and Equipment Intangible Assets Patents Total Assets Current Liabilities Accounts Payable Debt Investments Income Taxes Payable Interest Payati Testal Creditition Long-Term Liablitics Total Liablitics Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity CARLA VISTA CO. Balance Sheet For the Year Ended December 31, 2025 Assets 26-3,200 33.800 82.800 13,900 12,99 4.9 21,BC OLDE 10.2 195,00 229,41 GOSPE 12.200 30,61 Liabilities and Stockholders' Equity 25.01 3,40 77,50 509.00
Transcribed Image Text:The following items are taken from the financial statements of Carla Vista Co. at December 31, 2025. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements $195,000 21,800 10,200 11,950 82,800 263.200 45,850 5,500 Notes receivable (due in 2026) Accumulated depreciation-land improvements 12,200 Common stock 77,500 Retained earnings (December 31, 2025) 509,000 33,800 9.100 Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) 81,300 18.900 3,400 15,600 46,800 72,800 4,900 Prepare a classified balance sheet. Assume that $9,400 of the mortgage payable will be paid in 2026. (List Current Assets in order of liquidity List Property, Plant, and Equipment in order of Land, Buildings, Equipment, and Land Improvements.) Current Assets Cash Debt Investments Accounts Recebrate Notes Receivable Supplies Total C Intangible Assets Property, Plant and Louipment Buildings Accumulate Decision Balding Equipment Loss Accumulated Depreciation-Equipment Land Improvements Accumulated Depreciation-Land Improvements Total Property, Plant, and Equipment Intangible Assets Patents Total Assets Current Liabilities Accounts Payable Debt Investments Income Taxes Payable Interest Payati Testal Creditition Long-Term Liablitics Total Liablitics Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity CARLA VISTA CO. Balance Sheet For the Year Ended December 31, 2025 Assets 26-3,200 33.800 82.800 13,900 12,99 4.9 21,BC OLDE 10.2 195,00 229,41 GOSPE 12.200 30,61 Liabilities and Stockholders' Equity 25.01 3,40 77,50 509.00
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