Required:
Using the Information Given Below,prepare a Classified Balance Sheet

question 83

Essay

Required:
Using the information given below,prepare a classified balance sheet in good form for Babic Company at December 31,2012. $\begin{array}{lr}\text { Accounts Payable } & \$ 3,000 \\\text { Accounts Receivable } & 109,000 \\\text { Accrued Liabilities } & 22,000 \\\text { Accumulated Depreciation } & 326,000 \\\text { Cash } & 32,000 \\\text { Common Stock } & 107,000\\\text { Convertible Debentures } & 561,000 \\\text { Deferred Income Taxes (long-term liability) } & 117,000 \\\text { Equipment } & 1,070,000 \\\text { Inventory } & 146,000 \\\text { Land } & 917,000\\ \text {Marketable Securities } &11,000 \\ \text {Paid-In Capital in Excess of Par } &141,000\\ \text { Retained Earnings } &952,000\\ \text { Treasury Stock } &24,000\\\end{array}$

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Definitions:

Balanced Reciprocity

A form of exchange where goods or services of approximately equal value are traded within a specified time frame, aiming for equilibrium in the give-and-take relationship.

Negative Reciprocity

An economic term describing exchanges where one party aims to get more than it gives, often used in the context of exploitative or competitive relationships.

Retributive Reciprocity

A principle often found in social relations where actions, good or bad, are returned with actions of a similar kind, akin to the concept of "an eye for an eye."

Reciprocity

The exchange of goods and services, of approximately equal value, between two parties.