The Following Information Is Available for Sergio Company for the Year

question 168

Essay

The following information is available for Sergio Company for the year ended December 31 2016: $\begin{array}{ll}\text { Accounts payable } & \$ 4,300 \\\text { Accumulated depreciation-equipment } & 5,000 \\\text { Owner's capital } & 8,300 \\\text { Intangible assets } & 2,500 \\\text { Notes payable (due in 5 years) } & 6,500\\\text { Accounts receivable } & 1,900 \\\text { Cash } & 2,800 \\\text { Short-term investments } & 2,500 \\\text { Equipment } & 8,700 \\\text { Lonq-term investments } & 5,700\end{array}$ Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31 2016.

Utilize the Binomial Theorem for approximation purposes.

Understand the effects of compounding on investments and depreciation calculations.

Understand the nature of power dynamics and reluctance to relinquish power.

Recognize advocacy as an approach to planned change and its implications for social work.