Lo 2 balance sheet noncurrent assets investments

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LO 2 Balance Sheet – “Noncurrent Assets” Investments: Invesment in ABC bonds 321,657 Investment in UC Inc. 253,980 Notes receivable 150,000 Land held for speculation 550,000 Sinking fund 225,000 Pension fund 653,798 Cash surrender value 84,321 Investment in Uncon. Sub. 457,836 Total investments 2,696,592 Property, Plant, and Equip. Building 1,375,778 Land 975,000 Balance Sheet (in thousands) Current assets Cash 285,000 $
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Long-Term Investments Balance Sheet – “Noncurrent Assets” Fixed Assets u Land held for speculation LO 2 Investments: Invesment in ABC bonds 321,657 Investment in UC Inc. 253,980 Notes receivable 150,000 Land held for speculation 550,000 Sinking fund 225,000 Pension fund 653,798 Cash surrender value 84,321 Investment in Uncon. Sub. 457,836 Total investments 2,696,592 Property, Plant, and Equip. Building 1,375,778 Land 975,000 Balance Sheet (in thousands) Current assets Cash 285,000 $
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Long-Term Investments Balance Sheet – “Noncurrent Assets” Special Funds u Sinking fund u Pensions fund u Cash surrender value of life insurance LO 2 Investments: Invesment in ABC bonds 321,657 Investment in UC Inc. 253,980 Notes receivable 150,000 Land held for speculation 550,000 Sinking fund 225,000 Pension fund 653,798 Cash surrender value 84,321 Investment in Uncon. Sub. 457,836 Total investments 2,696,592 Property, Plant, and Equip. Building 1,375,778 Land 975,000 Balance Sheet (in thousands) Current assets Cash 285,000 $
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Long-Term Investments Balance Sheet – “Noncurrent Assets” Nonconsolidated Subsidiaries or Affiliated Companies LO 2 Investments: Invesment in ABC bonds 321,657 Investment in UC Inc. 253,980 Notes receivable 150,000 Land held for speculation 550,000 Sinking fund 225,000 Pension fund 653,798 Cash surrender value 84,321 Investment in Uncon. Sub. 457,836 Total investments 2,696,592 Property, Plant, and Equip. Building 1,375,778 Land 975,000 Balance Sheet (in thousands) Current assets Cash 285,000 $
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Long-Term Investments Illustration 5-10 Balance Sheet Presentation of Long-Term Investments LO 2 Identify the major classifications of the balance sheet. Balance Sheet – “Noncurrent Assets”
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Tangible long-lived assets used in the regular operations of the business. u Physical property such as land, buildings, machinery, furniture, tools, and wasting resources (minerals). u With the exception of land, a company either depreciates (e.g., buildings) or depletes (e.g., oil reserves) these assets. Property, Plant, and Equipment LO 2 Identify the major classifications of the balance sheet. Balance Sheet – “Noncurrent Assets”
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LO 2 Identify the major classifications of the balance sheet. Property, Plant, and Equipment Balance Sheet – “Noncurrent Assets” Tangible assets used in the regular operations of the business. With the exception of land, a company either depreciates or depletes these assets Total investments 2,696,592 Property, Plant, and Equip. Building 1,375,778 Land 975,000 Machinery and equipment 234,958 Capital leases 384,650 Leasehold improvements 175,000 Accumulated depreciation (975,000) Total PP&E 2,170,386 Intangibles Goodwill 3,000,000 Patents 177,000 Trademarks 40,000 Balance Sheet (in thousands) Current assets Cash 285,000 $
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Illustration 5-11 Balance Sheet Presentation of Property, Plant, and Equipment LO 2 Identify the major classifications of the balance sheet.
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  • Spring '08
  • JCEasterwood
  • Balance Sheet, Generally Accepted Accounting Principles

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