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The following items are taken from the financial statements of Oriole Company at December 31, 2022. Land $196,000 Accounts...

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Accounting

The following items are taken from the financial statements ofOriole Company at December 31, 2022.

Land$196,000
Accounts receivable22,000
Supplies11,000
Cash11,800
Equipment82,200
Buildings261,000
Land improvements46,400
Notes receivable (due in 2023)5,700
Accumulated depreciation—land improvements12,700
Common stock71,500
Retained earnings (December 31, 2022)505,000
Accumulated depreciation—buildings34,400
Accounts payable9,000
Mortgage payable91,700
Accumulated depreciation—equipment18,700
Interest payable3,300
Income taxes payable14,500
Patents47,400
Investments in stock (long-term)72,800
Debt investments (short-term)4,500

Answer & Explanation Solved by verified expert
4.1 Ratings (471 Votes)
Oriole Company Balance Sheet For the Year Ended December 312022 Assets Current Assets Land 196000 Debt investments shortterm 4500 Supplies 11000 Cash 11800 Notes receivable 5700 Accounts    See Answer
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