4 - Kwanzu Coporation Balance Sheet As of December 31, 2007...

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Kwanzu Coporation Balance Sheet As of  December 31, 2007 Assets Current Assets: Cash  $205,000  Accounts Recievable  515,000 Less: Allowance for Doubtful Accounts 25,000  $490,000  Short-Term Investment  $452,000  Inventory 687,000        Total Current Assets 1,834,000 Long Term Investments-available for sale  $277,000  Land 260,000 Building 1,040,000    Less: Amortization-Building 515,000 525,000 Equipment 600,000    Less: Amortization-Equipment 60,000 540,000 1,602,000 Intangible Asset  $195,000  Total Assets 3,631,000 Liabilities and Shareholder's Eqiuty Current Liabilities Accounts payable  $545,000  Short-term Notes Payable 98,000 Accrued liabilities 96,000     Total Current Liabilities  $739,000  Bonds Payable  $1,000,000  Long-term Notes Payable 900,000  $1,900,000  Total Liabilties  $2,639,000  Shareholder's Equity Dividends Payable 136,000 Common Shares 809,000
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This note was uploaded on 04/10/2009 for the course MANG MGCR 352 taught by Professor Zlou during the Spring '09 term at McGill.

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4 - Kwanzu Coporation Balance Sheet As of December 31, 2007...

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