Home MyGoyote ment Exercise 14-3 The comparative condensed balance sheets of Gur

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Home MyGoyote ment Exercise 14-3 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets 74,600 81,200 97,40092,000 25,200 41,000 197,200 $214,200 dy Current assets Pronerty, plant, and equipment (net) Intangibles Total assets Liabilities ard stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $ 39,600 48,800 141,200 149,600 16,400 15,800 $197,200 $214,200 Total liabilities and stockholders' equity [2] Your answer is partially correct. Try again. Preparnhoa analyals of the balance sheet dsta for Gurey Corporation using 0t6 as o basas preceding the number e.g.-45,-45% or parentheses eg, (45), (45%). Round percentag GURLEY CORPORATION Condensed Balance Sheets For the Month Ended December nt Privacy Policy l R2000-2012Johnwiley &Sons;·Inc. All Rights Reserved. A Division of Johnmey asons.Inc. MacBook

Explanation / Answer

On Period Column in Horizontal analysis, Correct it as 31 December

GURLEY CORPORATION Condensed Balance Sheet 31 December Particulars Amounts Percent Assets    Current Assets $74,600 37.8%    Property, plant and equipment (net) $97,400 49.4%    Intangibles $25,200 12.8% Total assets $197,200 100.0% Liabilities and stockholders' equity    Current Liabilities $39,600 20.1%    Long-term liabilities $141,200 71.6%    Stockholders' equity $16,400 8.3% Total liabilities and stockholders' equity $197,200 100.0%

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