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    The Following Accounts Are Taken From The Financial Statements of

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    Taimur Technologist
    Trump Entertainment Resorts had operating expenses of $117,995,000 in 2010. Their assets included $85,585,000 in cash, $26,094,000 in accounts receivable, and $463,988,000 in equipment. Liabilities included $24,338,000 in salaries payable, $21,078,000 in interest expense, and $366,752,000 in long-term notes payable.

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    The Following Accounts Are Taken From The Financial Statements of

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    Taimur Technologist
    44 views1 page
    Trump Entertainment Resorts had operating expenses of $117,995,000 in 2010. Their assets included $85,585,000 in cash, $26,094,000 in accounts receivable, and $463,988,000 in equipment. Liabilities included $24,338,000 in salaries payable, $21,078,000 in interest expense, and $366,752,000 in long-term notes payable.

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    The Following Accounts Are Taken From the Financial Statements Of

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    Trump Entertainment Resorts had operating expenses of $117,995,000 in 2010. Their assets included $85,585,000 in cash, $26,094,000 in accounts receivable, and $463,988,000 in equipment. Liabilities included $24,338,000 in salaries payable, $21,078,000 in interest expense, and $366,752,000 in long-term notes payable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    44 views1 page

    The Following Accounts Are Taken From The Financial Statements of

    Uploaded by

    Taimur Technologist
    Trump Entertainment Resorts had operating expenses of $117,995,000 in 2010. Their assets included $85,585,000 in cash, $26,094,000 in accounts receivable, and $463,988,000 in equipment. Liabilities included $24,338,000 in salaries payable, $21,078,000 in interest expense, and $366,752,000 in long-term notes payable.

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    © All Rights Reserved
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    The following accounts are taken from the financial

    statements of #2662
    The following accounts are taken from the financial statements of Trump Entertainment Resorts,
    Inc., at its December 31, 2010, year-end. (Amounts are in thousands.)Operating
    Expenses................................... $ 117,995Salaries Payable...........................................
    24,338Interest Expense.......................................... 21,078Accounts
    Payable......................................... 40,862Other Current Liabilities.................................
    74,248Food and Beverage Revenue............................
    46,775Cash......................................................... 85,585Accounts
    Receivable...................................... 26,094Other Current Assets....................................
    129,343Equipment................................................ 463,988Long-term Note
    Payable................................ 366,752Contributed Capital............................................
    11Retained Earnings....................................... 198,799Required:1. Prepare a classified balance
    sheet at December 31, 2010.2. Using the balance sheet, indicate whether the total assets of
    Trump Entertainment Resorts, Inc., at the end of the year were financed primarily by liabilities or
    stockholders' equity.3. Were the current assets sufficient to cover the current liabilities at
    December 31, 2010? How can you tell?View Solution:
    The following accounts are taken from the financial statements of

    ANSWER
    http://paperinstant.com/downloads/the-following-accounts-are-taken-from-the-financial-
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