This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: E7-10
Presented below is partial balance sheet information related to Batten Ltd., a United Kingdom company at December 31. All financial
information has been translated from pounds to dollars.
Balance Sheet (partial)
Amounts falling due within one
Net current assets
Total assets less
Amounts falling due over one
Total net assets
Restate the asset side of the balance sheet in accordance with generally accepted accounting principles in the United States. (List
assets in order of liquidity.)
Partial Balance Sheet (in U.S. format)
Current Assets Cash
Total current assets
Property, plant, and
What is the amount of total stockholders' equity? $ 1096000 $ 62000
$ 1436000 ...
View Full Document
This note was uploaded on 10/11/2011 for the course ACC557 ACC557 taught by Professor Na during the Spring '10 term at Strayer.
- Spring '10