Reference no: EM131785261
Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1.234, inventory worth $13,480, and accounts receivables worth $7.789. The company's net fixed assets are $42,331, and other assets are $1,822. t had accounts payables of $9.558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have? A $54,342 B. $76,342 C. $18,334 D. $12,314 points Petra, Inc., has $400,000 as current assets, $1.225 million as plant and equipment, and $250,000 as goodwill. In preparing the balance sheet, these assets should be listed in which of the following orders? A. Current assets, goodwill, and plant equipment B. Current assets, plant and equipment, and goodwill C. Goodwill is not an asset and is not listed here D. None of the above
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Based on the information given here
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