Business
Business, 02.08.2019 19:10, adrianmelchor146

P16.6a (lo 3) financial statement the following data, presented in alphabetical order, are taken from the records of nieto corporation. accounts payable $ 260,000 accounts receivable 140,000 accumulated depreciation—buildings 180,000 accumulated depreciation—equipment 52,000 allowance for doubtful accounts 6,000 bonds payable (10%, due 2028) 500,000 buildings 950,000 cash 62,000 common stock 1,500,000 ($10 par value; 500,000 shares authorized, 150,000 shares issued) dividends payable 80,000 equipment 275,000 goodwill 200,000 income taxes payable 120,000 inventory 170,000 investment in mara common stock (30% ownership), at equity 380,000 investment in sasse common stock, at fair value 300,000 land 390,000 notes payable (due 2021) 70,000 paid-in capital in excess of par—common stock 130,000 premium on bonds payable 40,000 prepaid insurance 16,000 retained earnings 125,000 short-term investments, at fair value 180,000 the investment in sasse common stock is considered to be a long-term security. instructions prepare a classified balance sheet at december 31, 2020.

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