3 - 9 - 1,800,000 Total liabilites and shareholders' equity...

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HHD, Inc. Balance Sheet As of December 31, 2009 Current Assets: Cash 150,000 Account Receivable 200,000 Inventories 225,000 Common Stock Short Term 90,000 Prepaid Insurance 25,000 Total Current Assets 690,000 Investments: Common Stock Long Term 160,000 Bond Sinking Fund 250,000 410,000 Plants, Property and Equipment: Buildings 1,500,000 Equipment 500,000 Land 800,000 2,800,000 Less: Accumulated Depreciation (800,000) Net Property, Plant and Equipment 2,000,000 Intangible Assets: Patent 110,000 Copyright 90,000 200,000 Total Assest 3,300,000 Current Liabilities: Accounts Payable 100,000 Notes Payanle Short Term 150,000 Taxes Payable 60,000 310,000 Longterm Liabilities: Notes Payable Long Term 90,000 Bonds Payable 1,100,000 Total Long Term Liabilities 1,190,000 Total Liabilities 1,500,000 Shareholderss Equity: 1,000,000 Retained Earnings 800,000 Total shareholders equity
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Unformatted text preview: 1,800,000 Total liabilites and shareholders' equity 3,300,000 Common Stock, no par, 500,000 shares authorized, 200,000 shares issued and outstanding Accounting 301 - Fall 2009 Intermediate Accounting Problem Grading Sheet Name: Daniel McAdams Problem Number: 3-9 Points Possible Presentation: Completed using a spreadsheet program. Answered Problem Requirements 20 20 Solutions should have as a cover sheet a copy of this grading sheet with student's name and problem number filled in. The assignment should be stapled in the upper left hand corner. Solutions should not be in a folder. Note: Presentation must be correct or assignment will be returned with no points earned Accounting 301 - Fall 2009 Intermediate Accounting Problem Grading Sheet Points Assigned...
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This note was uploaded on 02/24/2010 for the course ACCT 302 taught by Professor Staff during the Spring '08 term at Old Dominion.

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3 - 9 - 1,800,000 Total liabilites and shareholders' equity...

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