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Constructing a Balance Sheet Construct Tri-Mark Incorporated's 2017 year- end Balance Sheet using the asset, liability, and equity accounts listed below: Retained earnings 60,500,000 Accounts payable 57,000,000 Accounts receivable 43,000,000 Common stock 89,676,000 Cash 6,336,000 Short-term debt 1,500,000 Inventory 42,000,000 Long-term debt 74,000,000 Other non-current liabilities 15,000,000 Plant &Equipments 225,000,000 Other non-current assets 44,000,000 Long-term investments 25,340,000 Other current assets 12,000,000
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To construct Tri-Mark Incorporated's 2017 year-end Balance Sheet need to organize the provided information into the standard balance sheet format, which is:**Assets = Liabilities + Equity**Here's how we categorize and present the information:### Assets#### Current Assets:- Cash:
43,000,000- Inventory:
12,000,000**Total Current Assets:**
225,000,000- Long-term Investments:
44,000,000**Total Non-Current Assets:**
397,676,000### Liabilities and Equity#### Current Liabilities:- Accounts Payable:
1,500,000**Total Current Liabilities:**
74,000,000- Other Non-Current Liabilities:
89,000,000**Total Liabilities:**
89,676,000- Retained Earnings:
150,176,000### Balance Sheet**Tri-Mark Incorporated****Balance Sheet****As of December 31, 2017****Assets****Current Assets:**- Cash:
43,000,000- Inventory:
12,000,000**Total Current Assets:**
225,000,000- Long-term Investments:
44,000,000**Total Non-Current Assets:**
397,676,000**Liabilities and Equity****Current Liabilities:**- Accounts Payable:
1,500,000**Total Current Liabilities:**
74,000,000- Other Non-Current Liabilities:
89,000,000**Total Liabilities:**
89,676,000- Retained Earnings:
150,176,000**Total Liabilities and Equity:** $297,676,000### Note:The total liabilities and equity do not match the total assets provided. This discrepancy suggests either missing information or a need for additional details to balance the balance sheet.