What are the spontaneous liabilities on this balance sheet? Cash $ 174.90 $ 201.14 Accounts receivable $ 741.80 $ 853.07 Inventory $ 1,366.40 $ 1,571.36 Other current assets $ 174.10 $ 200.22 Total current assets $ 2,457.20 $ 2,825.78 Net plant and equipment $ 1,266.40 $ 1,456.36 Other long-term assets $ 76.30 $ 87.75 Total assets $ 3,799.90 $ 4,369.89 Accounts payable $ 192.80 $ 221.72 Accrued expenses $ 348.90 $ 401.24 Short-term debt $ 3.00 $ 3.00 Total current liabilities $ 544.70 $ 625.96 Long-term debt $ 342.00 $ 342.00 Other long-term liabilities $ 209.20 $ 240.58 Total liabilities $ 1,095.90 $ 1,208.54 Common stock and paid-in surplus $ 70.10 $ 70.10 Retained earnings $ 2,633.90 $ 2,970.05 Total equity $ 2,704.00 $ 3,040.15 Total liabilities and owners' equity $ 3,799.90 $ 4,248.68
What are the spontaneous liabilities on this balance sheet? Cash $ 174.90 $ 201.14 Accounts receivable $ 741.80 $ 853.07 Inventory $ 1,366.40 $ 1,571.36 Other current assets $ 174.10 $ 200.22 Total current assets $ 2,457.20 $ 2,825.78 Net plant and equipment $ 1,266.40 $ 1,456.36 Other long-term assets $ 76.30 $ 87.75 Total assets $ 3,799.90 $ 4,369.89 Accounts payable $ 192.80 $ 221.72 Accrued expenses $ 348.90 $ 401.24 Short-term debt $ 3.00 $ 3.00 Total current liabilities $ 544.70 $ 625.96 Long-term debt $ 342.00 $ 342.00 Other long-term liabilities $ 209.20 $ 240.58 Total liabilities $ 1,095.90 $ 1,208.54 Common stock and paid-in surplus $ 70.10 $ 70.10 Retained earnings $ 2,633.90 $ 2,970.05 Total equity $ 2,704.00 $ 3,040.15 Total liabilities and owners' equity $ 3,799.90 $ 4,248.68
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What are the spontaneous liabilities on this
| Cash | $ 174.90 | $ 201.14 |
| $ 741.80 | $ 853.07 | |
| Inventory | $ 1,366.40 | $ 1,571.36 |
| Other current assets | $ 174.10 | $ 200.22 |
| Total current assets | $ 2,457.20 | $ 2,825.78 |
| Net plant and equipment | $ 1,266.40 | $ 1,456.36 |
| Other long-term assets | $ 76.30 | $ 87.75 |
| Total assets | $ 3,799.90 | $ 4,369.89 |
| Accounts payable | $ 192.80 | $ 221.72 |
| Accrued expenses | $ 348.90 | $ 401.24 |
| Short-term debt | $ 3.00 | $ 3.00 |
| Total current liabilities | $ 544.70 | $ 625.96 |
| Long-term debt | $ 342.00 | $ 342.00 |
| Other long-term liabilities | $ 209.20 | $ 240.58 |
| Total liabilities | $ 1,095.90 | $ 1,208.54 |
| Common stock and paid-in surplus | $ 70.10 | $ 70.10 |
| $ 2,633.90 | $ 2,970.05 | |
| Total equity | $ 2,704.00 | $ 3,040.15 |
| Total liabilities and owners' equity | $ 3,799.90 | $ 4,248.68 |
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