presented below is the balance sheet of rubber industries 544228
Presented below is the balance sheet of Rubber Industries.
|
RUBBER INDUSTRIES Don't use plagiarized sources. Get Your Custom Essay on
presented below is the balance sheet of rubber industries 544228
For $10/Page 0nly
|
|
|
Balance Sheet |
|
|
For the Year Ended December 31, 2000 |
|
|
Assets |
|
|
Current assets: |
|
|
Cash |
$50,000 |
|
Marketable equity securities |
19,000 |
|
Accounts receivable, net |
60,000 |
|
Inventory |
30,000 |
|
Treasury stock |
20,000 |
|
Total current assets |
179,000 |
|
Plant assets: |
|
|
Land and buildings, net |
160,000 |
|
Investments: |
|
|
Short-term U.S. notes |
20,000 |
|
Other assets: |
|
|
Supplies |
4,000 |
|
Total assets |
$363,000 |
|
Liabilities and Stockholders’ Equity |
|
|
Liabilities: |
|
|
Bonds payable |
$120,000 |
|
Accounts payable |
40,000 |
|
Wages payable |
10,000 |
|
Premium on bonds payable |
3,000 |
|
Total liabilities |
173,000 |
|
Stockholders’ equity: |
|
|
Common stock ($20 par, 20,000 shares |
|
|
authorized, 6,000 shares outstanding) |
120,000 |
|
Retained earnings |
30,000 |
|
Minority interest |
20,000 |
|
Redeemable preferred stock |
20,000 |
|
Total liabilities and stockholders’ equity |
$363,000 |
Required Indicate your criticisms of the balance sheet and briefly explain the proper treatment of any item criticized.
Calculator
Our features
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.