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NEED ANSWERS TO RED BOXES + ** CALCULATIONS ** ...

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Accounting

NEED ANSWERS TO RED BOXES + ** CALCULATIONS **

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Exercise 23-11 LI Your answer is partially correct. Try again. Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below. PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013 2014 2013 $1,797 $1,092 Cash Receivables 1,293 1,760 1,581 1,907 Inventory 1,699 1,908 Plant assets Accumulated depreciation (1,204) (1,163) 1,307 1,468 Long-term investments (held-to-maturity) $7,149 $6,296 $1,218 $786 Accounts payable 205 250 Accrued liabilities 1,402 Bonds payable 1,632 Capital stock 1,902 1,705 2,422 1,923 Retained earnings $6,296 $7,149

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