The data listed below are taken from a balance sheet of Trident Corporation at December 31,...

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Accounting

The data listed below are taken from a balance sheet of TridentCorporation at December 31, 2018.

Required:
1. Determine the missing amounts.
2. Prepare Trident's classified balancesheet.

Determine the missing amounts. (Enter the answers in thousandsof dollars.)
($ in 000s)
Cash andcash equivalents $250,286
Short-term investments 365,700
Accountsreceivable (net of allowance) 516,944
Inventories
Prepaidexpenses (current) 95,259
Totalcurrent assets 1,714,927
Long-termreceivables 122,800
Propertyand equipment (net)
Totalassets
Notespayable and short-term debt 43,116
Accountspayable
Accruedliabilities 433,772
Othercurrent liabilities 193,604
Totalcurrent liabilities 705,564
Long-termdebt and deferred taxes
Totalliabilities 1,076,140
Shareholders' equity 1,490,627

Answer & Explanation Solved by verified expert

4.5 Ratings (626 Votes)

Answer 1Inventories Total Current Assets Cash and Cash Equivalent Shortterm Investments Accounts Receivable PrepaidExpensesInventories 1714927 250286 365700 See Answer

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