The Following Information Is Taken from the Balance Sheet at December

question 189

Essay

The following information is taken from the balance sheet at December 31:
$$\begin{array} { l r l r } \text { Cash } & \$ 288,000 & \text { Retained earnings } & \$ 168,000 \\\text { Inventory } & 96,000 & \text { Accounts payable } & 84,000 \\\text { Equipment } & 456,000 & \text { Bonds payable } & 276,000 \\\text { Common shares } & 312,000 & &\end{array}$$
A) How much did creditors provide to this company?

B) On which financial staterment would an investor look to see if any shares were issued during the year?

---

Definitions:

Piaget's Theory

A theory of cognitive development proposed by Jean Piaget that describes how children develop logical thinking and reasoning skills through four stages.

Formal Operational

The stage in Piaget's theory of cognitive development, typically beginning around age 12, characterized by the ability to think abstractly and reason logically.

Conversation Measures

Methodologies for analyzing the structure, content, and dynamics of conversations.

Parents' Utterances

The spoken expressions, words, or phrases used by parents when communicating with their children.