Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it. After the juice spill, the balance sheet looked like this: What was Gogoldze Inc.\'s Other Current Assets at 12/31/2015? $710 $120 $370 $80 $790 Solution Total assets 1870 Less: Property, Plant & Equipment 1080 Total Current Assets 790 Less: Cash 90 Accounts Receivable 210 Inventory 410 710 Other Current Assets 80 Note: Total assets and total liabilities in a balance sheet are equal are equal i.e. 1870 Answer is $80 .

1. Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it.
After the juice spill, the balance sheet looked like this:
What was Gogoldze Inc.'s Other Current Assets at 12/31/2015?
$710
$120
$370
$80
$790
($ millions) 12/31/2015
Cash 90
Accounts Receivable 210
Inventory 410
Other Current Assets grape
Current Assets juice
Net Property, Plant, & Equipment 1,080
Total Assets grape
juice
Accounts Payable 115
Other Current Liabilities 260
Current Liabilities 375
Long-term Liabilities 860
Common Stock 50
Additional Paid-in-Capital 300
Retained Earnings 285
Total Liabilities and SE 1,870

2. Solution
Total assets 1870 Less: Property, Plant & Equipment 1080 Total Current Assets 790 Less: Cash
90 Accounts Receivable 210 Inventory 410 710 Other Current Assets 80 Note: Total assets and
total liabilities in a balance sheet are equal are equal i.e. 1870 Answer is $80