-Refer to Baloon-E-Tunes

question 214

Essay

$$\begin{array} { l r l r } \text { Retained earnings } & \$ 370,000 & \text { Notes payable (due in 6 years) } & \text { \$120,000 } \\\text { Accumulated depreciation } & 130,000 & \text { Salaries payable } & 10,000 \\\text { Income taxes payable } & 240,000 & \text { Supplies } & 20,000 \\\text { Plant } & 480,000 & \text { Accounts payable } & 360,000 \\\text { Cash } & 110,000 & \text { Inventory } & 330,000 \\\text { Accounts receivable } & 350,000 & \text { Land } & 500,000 \\\text { Common shares } & 600,000 & \text { Prepaid insurance } & 40,000\end{array}$$
-Refer to Baloon-E-Tunes.Prepare the current assets section of the balance sheet at December 31.You may omit the heading.How does the concept of liquidity apply?

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Definitions:

Job Requirements

The specific qualifications, skills, experience, and characteristics needed to perform a job effectively.

Online Games

Video games that are played over the internet, which can include both multiplayer and single-player experiences.

Branding

A company’s efforts to help existing and prospective workers understand why it is a desirable place to work.

Skill Inventories

Files of personnel education, experience, interests, and skills that allow managers to quickly match job openings with employee backgrounds.