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4/4Total liabilities – Current liabilities = Long-term debt and deferred taxes$996,140 – 697,564 = $298,576
10/27/2017Assignment Print View2/41.Award: 5 out of 5.00 pointsProblem 3-2 Balance sheet preparation; missing elements [LO3-2, 3-3]The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018.Required:1.Determine the missing amounts.2.Prepare Trident's classified balance sheet.Required 1Required 2Complete this question by entering your answers in the tabs below.Prepare Trident's classified balance sheet. (Enter the answers in thousands of dollars.)Required 1Required 2TRIDENT CORPORATIONBalance Sheet ($ in 000s)At December 31, 2018AssetsCurrent assetsCash and cash equivalents$242,286Short-term investments357,700Accounts receivable, net of allowance508,944Inventories438,738Prepaid expenses87,259Total current assets1,634,927InvestmentsLong-term receivables114,800Property and equipment (net)657,040Total assets$ 2,406,767Liabilities and Shareholders' EquityCurrent liabilitiesNotes payable and short-term debt$35,116Accounts payable51,072Accrued liabilities425,772Other current liabilities185,604Total current liabilities697,564Long-term debt and deferred taxes298,576Total liabilities996140Shareholders’ equity1,410,627Total liabilities and shareholders’ equity$ 2,406,767
10/27/2017Assignment Print View3/4ReferencesFinancial StatementsDifficulty: 3 HardLearning Objective: 03-03 Identify and describe thevarious liability and shareholders' equity classifications.Problem 3-2 Balancesheet preparation;missing elements[LO3-2, 3-3]Learning Objective: 03-02Identify and describe thevarious asset classifications.Problem 3-2 Balance sheet preparation; missing elements [LO3-2, 3-3]The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018.Required:1.Determine the missing amounts.2.Prepare Trident's classified balance sheet.Required 1Required 2Complete this question by entering your answers in the tabs below.Determine the missing amounts. (Enter the answers in thousands of dollars.)Required 1Required 2$($ in 000s)Cash and cash equivalents242,286Short-term investments357,700Accounts receivable (net of allowance)508,944Inventories438,738Prepaid expenses (current)87,259Total current assets1,634,927Long-term receivables114,800Property and equipment (net)657,040Total assets2,406,767Notes payable and short-term debt35,116Accounts payable51,072Accrued liabilities425,772Other current liabilities185,604Total current liabilities697,564Long-term debt and deferred taxes298,576Total liabilities996,140Shareholders' equity1,410,627Explanation:1.Inventories:Current assets – Cash and cash equivalents – Short-term investments – Accounts receivable – Prepaid expenses = Inventories$1,634,927 – 242,286 – 357,700 – 508,944 – 87,259 = $438,738
10/27/2017Assignment Print View

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