Question

Homework: HW 3 - CH 6 Score: 0 of 1 pt P6-6 (similar to) HW Score: 60%, 3 of 5 pts Question Help Emerald Company provided the following listing of the current year's post-closing account (Click the icon lo view the financial data) Emerald reported income of $2.180 and declared dividends amounting to $580 Uhrzed affect stockholders' equity Requirement Prepare a classified balance sheet at December 31 of the current year sale portfolio amounted to $300 for the current year. There are no other events that Assets Choose from any list or enter any number in the input fields and then click Check Answer

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

Balance Sheet
As at 31st December
Assets	Amount $	Amount $
Current Assets
Cash and cash equivalents	14,330.00
Account receivables	8,200.00
Merchandise Inventory	5,900.00
Current Assets		28,430.00
Non Current Assets
Long Term Investments
Investments in companies	3,500.00
Available for sale securities	2,500.00
Long Term Investments		6,000.00
Plant, Property & Equipment
Plant, Property & Equipment	44,000.00	44,000.00
Intangible Assets
Intangible Assets (net)	3,600.00	3,600.00
Total Assets		82,030.00
Liabilities
Current Liabilities
Accounts Payables	6,500.00
Current portion of Long Term debt	450.00
Dividends Payable	280.00
Income Taxes Payable	1,900.00
Current Liabilities		9,130.00
Non Current Liabilities
Non Current portion of Notes Payable	11,500.00
Bonds Payable	26,000.00
Non Current Liabilities		37,500.00
Total Liabilities		46,630.00
Stockholder's Equity
Common Stock ($ 1 par)	17,000.00
Additional paid in capital	15,000.00
Retained Earnings	7,300.00
Other accumulated comprehensive income	1,200.00
Treasury stock at cost	(5,100.00)
Total Stockholder's Equity		35,400.00
Total Liabilities & Stockholder's Equity		82,030.00