Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: $22,000 $21,000 $102,000 $37,000 $120,000 $12,000 $33,000 $64,000 Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Total assets Total liabilities and equity

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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Given the following information for Smashville, Ic., construct a balance sheet:
$22,000
$21,000
$102,000
$37,000
$120,000
$12,000
$33,000
$64,000
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
Total assets
Total liabilities and equity
Transcribed Image Text:Given the following information for Smashville, Ic., construct a balance sheet: $22,000 $21,000 $102,000 $37,000 $120,000 $12,000 $33,000 $64,000 Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Total assets Total liabilities and equity
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