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Unformatted text preview: 61,686 53,618 Balance Sheet Assets Cash 13,010 41,788 Accounts receivable 20,812 14,388 Inventory 97,246 100,082 Property, plant and equipment 570,520 525,160 Total Assets 701,588 681,418 Liabilities and Owners' Equity Accounts payable 124,610 120,890 Notes payable 252,160 263,270 Capital 263,132 243,640 Retained earnings, Dec. 31 61,686 53,618 Total Liabilities and Owners' Equity 701,588 681,418 During 2010, the owners invested 19,492 directly into the company (263,132 243,640). Although many answers would be acceptable regarding the companys operational success and financial position, answers should address key income statement elements such as the companys improving revenues, changing costs and/or decreasing net income for operational success as well as the companys changes in balance sheet items such as cash, equipment, accounts or notes payable for financial position....
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This note was uploaded on 10/04/2011 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas at Austin.
- Fall '07