Module Three – Chapter Five-Six Homework

Module Three – Chapter Five-Six Homework -...

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Module Three – Chapter Five-Six Homework 1 KISHWAUKEE CORPORATION BALANCE SHEET 31-Dec-10 ASSETS Current Assets  Cash on Hand   $175,900.00     Assets Allocated to Trustee for Plant Expansion:     Cash in Bank   $70,000.00     U.S. Treasury Notes   $138,000.00     Accounts Receivable   $170,000.00     Inventories   $312,100.00     Current Total Assets   $866,000.00       Long Term Investments   Treasury Stock   $87,000.00     Total Long Term Investments   $87,000.00       Property, Plant and Equipment   Buildings   $1,070,000.00     Less: Reserve for Depreciation   $(410,000.00)    Land   $950,000.00     $1,610,000.00       Intangible Assets   Goodwill   $120,000.00     Total Intangible Assets   $120,000.00   Total Assets   $2,563,000.00   Liabilities   Current Liabilities   Notes Payable   $100,000.00     Federal Income Taxes Payable 
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Module Three – Chapter Five-Six Homework -...

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