The following items were taken from the financial statements of Marigold Company. (All amounts are...
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Accounting
The following items were taken from the financial statements of Marigold Company. (All amounts are in thousands.)
Long-term debt
$1,100
Accumulated depreciationequipment
$5,600
Prepaid insurance
850
Accounts payable
1,100
Equipment
11,000
Notes payable (due after 2020)
300
Stock investments (long-term)
300
Common stock
11,850
Debt investments (short-term)
3,600
Retained earnings
2,000
Notes payable (due in 2020)
400
Accounts receivable
2,000
Cash
2,900
Inventory
1,700
Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.) Marigold Company Balance Sheet Assets Liabilities and Stockholders' Equity
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