The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.) Mortgage payable   $2,443   Accumulated depreciation   $3,655 Prepaid insurance   880   Accounts payable   1,444 Property, plant, and equipment   11,500   Notes payable after 2019   1,200 Long-term investments   1,100   Common stock   5,000 Short-term investments   3,690   Retained earnings   8,480 Notes payable in 2019   1,000   Accounts receivable   1,696 Cash   2,600   Inventories   1,756

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.)

Mortgage payable   $2,443   Accumulated depreciation   $3,655
Prepaid insurance   880   Accounts payable   1,444
Property, plant, and equipment   11,500   Notes payable after 2019   1,200
Long-term investments   1,100   Common stock   5,000
Short-term investments   3,690   Retained earnings   8,480
Notes payable in 2019   1,000   Accounts receivable   1,696
Cash   2,600   Inventories   1,756


Prepare a classified balance sheet in good form as of December 31, 2018. (Enter amounts in thousands. List current assets in order of liquidity.)

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