Look at the Consolidated Balance Sheet and the following alphabetized definitions of the items in this chart. Match the values for last year and the definitions.

Note: Be sure not to use any commas when filling in values.

To do this exercise, you will need information from the Consolidated Balance Sheet.

Need a Hint?
1 A) B) C) D) E) F) G) H) I) J) K) L) Accounts receivable 2 A) B) C) D) E) F) G) H) I) J) K) L) Inventories 3 A) B) C) D) E) F) G) H) I) J) K) L) Fixed assets 4 A) B) C) D) E) F) G) H) I) J) K) L) Depreciation 5 A) B) C) D) E) F) G) H) I) J) K) L) Accounts payable 6 A) B) C) D) E) F) G) H) I) J) K) L) Notes payable 7 A) B) C) D) E) F) G) H) I) J) K) L) Accrued expenses payable 8 A) B) C) D) E) F) G) H) I) J) K) L) Debentures 9 A) B) C) D) E) F) G) H) I) J) K) L) Preferred stock 10 A) B) C) D) E) F) G) H) I) J) K) L) Common stock 11 A) B) C) D) E) F) G) H) I) J) K) L) Accumulated retained earnings 12 A) B) C) D) E) F) G) H) I) J) K) L) Net working capital			Answer choices for questions 1 through 12 A) $125,000; Decline in useful value of a fixed asset due to wear and tear from usage and passage of time. B) $75,000; Stock issued by the company to raise cash; no limit on dividends, which are set annually by the company. C) $230,000; The difference between total current assets and total current liabilities. D) $156,000; Amount not yet collected from customers to whom goods were shipped prior to payment. E) $51,000; Money owed a bank or other lender; a written promissory note is given the lender by the company. F) $30,000; Amount owed to employees in salaries and wages, interest on bank loans, interest to bondholders, pensions, insurance premiums, attorney fees. G) $249,000; Earned surplus; the amount left after preferred and common stockholders have been paid in dividends. H) $72,000; Amount the company owes to its regular business creditors from whom it has bought goods or services on open account. I) $385,000; Property, plant and equipment; not intended for sale. J) $136,000; Formal promissory note issued by the company; money received by the company as a loan from bondholders, who in turn are given a certificate called a bond as evidence of the loan. K) $6,000; Stock or shares issued by the company that have some preference over other shares with respect to dividends and distribution of assets in case of liquidation. A specific amount or rate of return is set, which may be cumulative. L) $180,000; Raw materials to be used in the product, partially finished goods in process of manufacture, finished goods ready for shipment to customers.