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Unformatted text preview: (40.00) Operating income 170.00 Other revenue: Interest 36.00 Income before taxes 206.00 Tax expense (82.40) Net income 123.60 Baber Company Balance Sheet as of 12/31/2006 LIABILITIES AND STOCKHOLDERS' EQUITY Current Assets Cash 247.00 Current Liabilities Accounts Rec'vable 95.00 Accounts Payable 65.00 Interest Rec'vable 15.00 Income Taxes Payable 38.40 Inventories 20.00 Interest Payable 9.00 Total Current Assets 377.00 Total Current Liabilities 112.40 Long Term Assets Long Term Liabilities Notes Rec'vable (Long-term) 288.00 Notes Payable 120.00 Equipmt (Cost) 200.00 Total Long Term Liabilities 120.00 Accum. Depr'n (120.00) Total Long Term Assets 368.00 Stockholders' Equity Paid-in Capital 102.00 TOTAL ASSETS 745.00 Retained Earnings 410.60 Total Stockholders' Equity 512.60 TOTAL LIABILITIES AND EQUITY 745.00 ASSETS...
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This note was uploaded on 11/24/2009 for the course BA 2301 taught by Professor Mattpolze during the Fall '08 term at University of Texas at Dallas, Richardson.
- Fall '08
- Financial Accounting