Classifications of current assets-plant and equipment

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Reference no: EM13875939

Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.

Barbie Inc. Dec 31, 2013 information

Common stock, authorized 21,000 shares at $1 par

value, issued 10,000 shares $10,000

Additional paid-in capital 38,000

Cash 13,000

Marketable securities 17,000

Accounts receivable 26,000

Accounts payable 15,000

Current maturities of long-term debt 11,000

Mortgages payable 80,000

Bonds payable 70,000

Inventory 30,000

Land and buildings 57,000

Machinery and equipment 125,000

Goodwill 8,000

Patents 10,000

Other assets 50,000

Deferred income taxes (long-term liability) 18,000

Retained earnings 33,000

Accumulated depreciation 61,000

Reference no: EM13875939

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