Cash restricted for plant expansion land held for

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Cash restricted for plant expansion Land held for future plant site           Total long term investments Propery, plant, and equipment Buildings      Less: Accumulated depreciation           Total property, plant, and equipment Intangible assets Copyrights Total Assets Current Liabilities Notes payable Unearned rent revenue Accrued salaries payable Unearned subscritption revenue           Total current liabilities Long term liabilities Bonds payable      Less: Discount on bonds payable Total liabilities Stock holders equity Capital Stock      Common stock Additional paid in capital      Paid in excess of par - Common stock          Total paid in capital Retained earnings           Total paid in capital and retained earnings      Less: Treasury stock, at cost           Total stockholders equity           Total liabilities and stockholders equity E5-5 Current assets Cash 260,000  Trading securities - at cost (fair value $120,000) 120,000  Accounts receivable 357,000 
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     Less: Allowance for doubtful accounts (17,000) 340,000  Prepaid expenses 12,000  Inventories 401,000            Total current assets 1,133,000  Long term investments Cash surrender value of life insurance 90,000  Land held for future use 175,000            Total long term investments 265,000  Propery, plant, and equipment Buildings 730,000       Less: Accumulated depreciation (160,000) 570,000  Office equipment 265,000       Less: Accumulated depreciation (105,000) 160,000            Total property, plant, and equipment 730,000  Intangible assets Goodwill 80,000  Total Assets 2,208,000  Current Liabilities Accounts payable 135,000  Notes payable 125,000  Rent payable 49,000            Total current liabilities 309,000  Long term liabilities Bonds payable 500,000       Add: Premium on bonds payable 53,000  553,000  Pension obligation 82,000            Total long term liabilities 635,000  Total liabilities 944,000  Stock holders equity Capital Stock      Common stock 290,000  Additional paid in capital 180,000  470,000  Retained earnings 794,000            Total stockholders equity 1,264,000            Total liabilities and stockholders equity 2,208,000  E5-12 Current assets Cash 197,000 
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Trading securities - at cost (fair value $120,000) 153,000  Accounts receivable 435,000       Less: Allowance for doubtful accounts (25,000) 410,000  Inventories 597,000            Total current assets Long term investments Investment in bonds 299,000  Investment in stocks 277,000            Total long term investments Propery, plant, and equipment Buildings 1,040,000       Less: Accumulated depreciation (352,000) 688,000  Land 260,000  Equipment 600,000       Less: Accumulated depreciation (60,000) 540,000            Total property, plant, and equipment Intangible assets Franchise 160,000  Patent 195,000            Total intangible assets Total Assets Current Liabilities
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  • Spring '10
  • George
  • Accounting, Net Income, Doubtful Accounts, total

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