The data listed below are taken from a balance sheet of Trident Corporation at December...
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Accounting
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required:1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Determine the missing amounts. (Enter the answers in thousands of dollars.)
($ in 000s)
Cash and cash equivalents
$255,286
Short-term investments
370,700
Accounts receivable
521,944
Inventory
Prepaid expenses (current)
100,259
Total current assets
1,764,927
Long-term receivables
127,800
Equipment (net)
Total assets
Notes payable (current)
48,116
Accounts payable
Accrued liabilities
438,772
Other current liabilities
198,604
Total current liabilities
710,564
Long-term debt
Total liabilities
1,126,140
Common stock
540,627
Retained earnings
1,000,000
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare Trident's classified balance sheet. (Enter the answers in thousands of dollars.)
TRIDENT CORPORATION
Balance Sheet ($ in 000s)
At December 31, 2021
Assets
Current assets:
Total current assets
0
Investments:
Property, plant, and equipment
Total assets
$0
Liabilities and Shareholders' Equity
Current liabilities:
Total current liabilities
0
Long-term liabilities:
Total liabilities
0
Shareholders equity
Total shareholders equity
0
Total liabilities and shareholders equity
$0
Answer & Explanation
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