10) How do they find the answers? (Minus info given for it) Given the following information for Smashville, Inc., construct a balance sheet:$22,000$21,000$102,000$37,000$120,000$12,000$33,000$64,000Current liabilities:Cash:Long-term debt:Other assets:Fixed assets:Other liabilities:Investments:Operating assets:Cash21,000 Current liabilities2$22,000Operating assets64,000 Long-term debt102,000Fixed assets120,000 Other liabilities12,000Investments33,000Other assets37,000 Stockholder equity139,000+/-0.1%Total assets$275,000+/-0.1% Total liabilities and equity2$275,000+/-0.1%FF

Answered: Given the following information for…

Business

Accounting

Given the following information for Smashville, Inc., construct a balance sheet:

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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Question

10) How do they find the answers? (Minus info given for it)

Given the following information for Smashville, Inc., construct a balance sheet:
$22,000
$21,000
$102,000
$37,000
$120,000
$12,000
$33,000
$64,000
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
Cash
21,000 Current liabilities
2$
22,000
Operating assets
64,000 Long-term debt
102,000
Fixed assets
120,000 Other liabilities
12,000
Investments
33,000
Other assets
37,000 Stockholder equity
139,000+/-0.1%
Total assets
$
275,000+/-0.1% Total liabilities and equity
2$
275,000+/-0.1%
F
F

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