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11 Exercise 3-8 (Algo) Balance sheet; current versus long-term classification (LO3-2, 3-3) 1 points Cone Corporation is in th
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CONE CORPORATION
Balance Sheet (Partial)
At December 31, 2021
Assets
Current Assets:
Marketable Securities (116000/2) 58000
Prepaid Rent (42000/2) 21000
Investments:
Bond Sinking Fund 80000
Marketable Securities (116000/2) 58000
Other Assets:
Prepaid Rent (42000/2) 21000
Liabilities and Shareholders' Equity
Current Liabilities:
Interest Payable 30000
Current Maturities of long term debt 38000
Long term Liabilities:
Note Payable (236000- 38000) 198000
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