Comparative financial statements for Weaver Company follow: Weaver Company Compa

Question

Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Cash Accounts receivable Inventory Prepaid expenses $ 2$ 12 229 196 5 309 156 8 Total current assets 475 442 434 (72) Property, plant, and equipment 514 (86) Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 362 31 $928 $ 835 428 25 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $301 $225 78 63 72 73 446 Total current liabilities Bonds payable 366 172 199 645 160 Total liabilities 538 Common stock Retained earnings 201 96 123 Total stockholders' equity 283 297 Total liabilities and stockholders' equity $928 $ 835

Explanation / Answer

Comparative financial statements for Weaver Company follow: Weaver Company Compa

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