Rich Pugh Unit 5 P4-4 Part 2 - 1,600 Additional paid-in...

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International Products Company Balance Sheet at 31 December, 2010 Non-Current Assets Patents 2,400 Property, Plant, and equipment 67,800 Investments in associated undertakings 13,000 83,200 Current Assets Inventory 24,400 Prepaid Insurance 900 Office supplies 1,900 Acclounts receivable 13,800 Allowance for doubtful accounts (700) Cash 8,200 48,500 Total Assets 131,700 Equity Own shares held (1,500) Preferred share capital, $50 par 10,000 Common share capital, $10 par 15,000 Additional paid-in capital on preferred share
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Unformatted text preview: 1,600 Additional paid-in capital on common share 7,700 Retained earnings 25,800 Total Equity 58,600 Non-current liabilities Bonds payable (due 2016) 29,000 Discount on bonds payable (2,000) Notes payable (due 1 January, 2013) 17,000 44,000 Current liabilities Accounts payable 16,500 Current interest payable 2,900 Dividends payable 1,800 Accrued wages 3,700 Current income taxes payable 4,200 29,100 Total equity and liabilities 131,700...
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