EX 5-12 - Accounts payable $455,000.00 Short-term notes...

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Vivaldi Corporation By Amber Wolridge Chapter 5 Exercise 5-12 Balance Sheet December 31, 2010 Assets Current Assets Cash On Hand $197,000.00 Trading Securities $153,000.00 Accounts receivable $435,000.00 Less- Allowance for Doubtful accounts ($25,000.00) $410,000.00 Inventories $597,000.00 Total Current Assets $1,357,000.00 Long-Term Investments Long Term Investments- Bonds $299,000.00 Long Term Investments- Stocks $277,000.00 Total Long Term $576,000.00 Property, plant, and equipment Land $260,000.00 Buildings $1,040,000.00 - Accumulated Depreciation ($352,000.00) $688,000.00 Equipment $600,000.00 -Accumulated Depreciation ($60,000.00) $540,000.00 Total property, plant, and equipment $1,488,000.00 Intangible Assets Franchise $160,000.00 Patent $195,000.00 Total Intangible Assets $355,000.00 Total Assets $3,776,000.00 Liabilities and Stockholders' Equity Current Liabilities
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Unformatted text preview: Accounts payable $455,000.00 Short-term notes payable $90,000.00 Dividends payable $136,000.00 Accrued liabilities $96,000.00 Total Current Liabilities $777,000.00 Long-term debt Bonds payable $1,000,000.00 Long-term notes payable $900,000.00 Total Long-term Liabilites $1,900,000.00 Total Liabilities $2,677,000.00 Stockholder's Equity Paid-in Capital Common Stock ($5) $1,000,000.00 Paid-in Capital in excess of par $80,000.00 $1,080,000.00 Retained earnings $210,000.00 Total paid-in capital and retained earnings $1,290,000.00 Less Treasury stock $191,000.00 Total stockholders' equity $1,099,000.00 $3,776,000.00 Retained earnings Total stockholders' equity $1,099,000.00 + Treasury Stock $191,000.00 - Paid in Capital $1,080,000.00 Ending retained earnings $210,000.00 Total liabilities and stockholders' equity...
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This note was uploaded on 05/23/2011 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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