11-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures are in millions. Common stock (PHP1.00 par) PHP 60 400 Current portion of L.T. Debt 300 Short-term bank loan Leasehold improvements 20 Accrued expenses 40 Net accounts receivable 100 Accumulated depreciation 200 Long-term bank loan 600 900 Retained earnings Gross fixed assets 200 90 Cash Accounts payabie ??? 190 Inventories

11-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures are in millions. Common stock (PHP1.00 par) PHP 60 400 Current portion of L.T. Debt 300 Short-term bank loan Leasehold improvements 20 Accrued expenses 40 Net accounts receivable 100 Accumulated depreciation 200 Long-term bank loan 600 900 Retained earnings Gross fixed assets 200 90 Cash Accounts payabie ??? 190 Inventories

Name: 11.-15. Using the following accounts from the A-Mart, Incorporated's
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Description: 11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the yearending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that allfigures are in millions.Common stock (PHP1.00 par)PHP 60400C

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 42P

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