Kids R Kids Company Selected data from the comparative finan

Kids R Kids Company

Selected data from the comparative financial statements are provided below:

Refer to Kids R Kids Company. The total long-term liabilities at December 31, 2013, are (in thousands):

$______________

Kids R Kids Company
Balance Sheet Accounts
(all accounts have normal balances)
(in thousands)
December 31,
2013 2012
Accounts payable and Accrued expenses $3,141 $3,249
Accrued income taxes 1,037 1,056
Accumulated depreciation 2,016 2,028
Buildings 1,507 1,535
Cash and cash equivalents 1,648 1,737
Common stock 865 861
Containers 124 157
Current maturities of long-term debt 3 397
Deferred income taxes (long-term liability) 424 426
Goodwill and other intangible assets 547 668
Inventories 890 959
Land 19 183
Loans payable (short-term) 4,459 2,677
Long-term investments 8,549 6,501
Machinery & equipment 3,855 3,896
Marketable securities 159 106
Other long-term liabilities 991 1,001
Other fixed assets 21,952 20,919
Retained earnings 7,608 6,773
Trade accounts receivable 1,666 1,639

Solution

Total Long term Liabilities as on December 31, 2013 are as under

Amount($ inThousand)
Deferred Income taxes 424
Other Long term Liability 991
Total Long term Liability 1,415

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