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Unformatted text preview: $900 Discount on bond payable $2,000 Common stock, $ 10par $15,000 Equipment $29,000 Allowance for doubtful account $700 Preferred stock $50 par $10,000 Accumulated depreciation: building $12,400 Current Interest payable $2,900 Investment in held-to-maturity bonds $9,000 Cash $8,200 Treasury stock (at cost) $1,500 Accrued wages $3,700 Land $9,500 1. Prepare a properly classified balance sheet for the International Products Company on December 31, 2010. 2. Assume instead that International Products Company uses IFRS. Prepare its balance sheet on December 31, 2010....
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- Spring '10
- Balance Sheet, Generally Accepted Accounting Principles, Additional Paid-in Capital, International Products Company