Unformatted text preview: Additional Info: 1. The $120,000 in Land includes $100,000 for the cost of land where the plant and office are located plus $20,000 for land held for speculation. 2. The $44,000 of marketable securities is common stock of another corporation. Valley intends to sell half of this stock within the year. 3. Notes Payable includes $100,000 note due in 6 months. The remaining $150,000 is a note with 3 payments of $50,000; the first is due 8/31/2012....
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- Spring '08