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The following items were taken from the financial statements of R. Stevens Company.
The following items were taken from the financial statements of R. Stevens Company. (All dollars are in thousands.)
Long-term debt $943 Accumulated depreciation $5,655 Prepaid expenses 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2011 368 Long-term investments 264 R. Stevens, Capital 13,063 Short-term investments 3,690 Accounts receivable 1,696 Notes payable in 2011 481 Inventories 1,256 Cash 2,668 |
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Long-Term debt is a long-term or noncurrent liability
Accumulated Depreciation is a Contra Asset Prepaid Expenses is a current asset Accounts Payable is a current liability Property, Plant, & Equipment is a fixed asset Notes Payable after 2011 is a noncurrent Liability if the financial were done in 2010 Long-Term Investment is a noncurrent asset R. Stevens, Capital is Owners Equity Short-Term Investment is a current asset Accounts Receivable is a current asset Notes Payable in 2011 is a current Liability Inventory is a current asset Cash is a current asset |
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