Homework Answers
| Navy Harbour Inc | ||
| Trial Balance | ||
| December 31, 2020 | ||
| Debit | Credit | |
| Cash and other assets | $ 63 | |
| Other assets | $ 151 | |
| Accounts payable | $ 15 | |
| Other liabilities | $ 48 | |
| Shareholders equity | $ 105 | |
| Revenues | $ 340 | |
| Expenses | $ 294 | |
| Totals | $ 508 | $ 508 |
Navy Harbour has a net income of $46 ($340-$294)
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Assume that Navy Harbour Inc. reported the following summarized data at December 31, 2020. Accounts appear...
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millions) reported at December 31, 2017, by Hasbro, Inc., a leading
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for children and families:
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438
Allowance for Doubtful Accounts
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Accumulated Depreciation
378
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205
Inventories
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