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Business, 15.07.2019 19:10 paulesparsa6

Problem 5-2 presented below are a number of balance sheet items for flounder, inc., for the current year, 2017. goodwill $ 128,520 accumulated depreciation-equipment $ 292,180 payroll taxes payable 181,111 inventory 243,320 bonds payable 303,520 rent payable (short-term) 48,520 discount on bonds payable 15,180 income taxes payable 101,882 cash 363,520 rent payable (long-term) 483,520 land 483,520 common stock, $1 par value 203,520 notes receivable 449,220 preferred stock, $10 par value 153,520 notes payable (to banks) 268,520 prepaid expenses 91,440 accounts payable 493,520 equipment 1,473,520 retained earnings ? debt investments (trading) 124,520 income taxes receivable 101,150 accumulated depreciation-buildings 270,380 notes payable (long-term) 1,603,520 buildings 1,643,520 prepare a classified balance sheet in good form. common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. assume that notes receivable and notes payable are shor

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