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  • Balance Sheet

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    Vipin Kc
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    Cash and investments increased from $600 in FY-2012 to $700 in FY-2013. Fixed assets such as property and equipment decreased in value from -$100 to -$85 after accounting for accumulated depreciation over the years. Total assets grew from $500 in FY-2012 to $615 in FY-2013 primarily due to increased current assets. Current liabilities declined from $500 in FY-2012 to $350 in FY-2013 while owner equity increased from $350 to $500 over the same period.

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    Cash and investments increased from $600 in FY-2012 to $700 in FY-2013. Fixed assets such as property and equipment decreased in value from -$100 to -$85 after accounting for accumulated depreciation over the years. Total assets grew from $500 in FY-2012 to $615 in FY-2013 primarily due to increased current assets. Current liabilities declined from $500 in FY-2012 to $350 in FY-2013 while owner equity increased from $350 to $500 over the same period.

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    8 views2 pages

    Balance Sheet

    Uploaded by

    Vipin Kc
    Cash and investments increased from $600 in FY-2012 to $700 in FY-2013. Fixed assets such as property and equipment decreased in value from -$100 to -$85 after accounting for accumulated depreciation over the years. Total assets grew from $500 in FY-2012 to $615 in FY-2013 primarily due to increased current assets. Current liabilities declined from $500 in FY-2012 to $350 in FY-2013 while owner equity increased from $350 to $500 over the same period.

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    © All Rights Reserved
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    of 2

    Balance Sheet

    FY-2012

    FY-2013

    Current Assets
    Cash

    600

    700

    600

    700

    Less accumulated depreciation (Negative Value)

    -100

    -85

    Total

    -100

    -85

    500

    615

    Investments
    Inventories
    Accounts receivable
    Pre-paid expenses
    Other
    Total

    Fixed Assets
    Property and equipment
    Leasehold improvements
    Equity and other investments

    Other Assets
    Charity
    Total

    Total Assets
    Current Liabilities
    Accounts payable

    350

    Accrued wages
    Accrued compensation

    500

    Income taxes payable


    Unearned revenue
    Other
    Total

    500

    350

    Long-term Liabilities
    Mortgage payable
    Total

    FY-2012

    FY-2013

    Owner Equity
    Investment capital

    350

    Accumulated retained earnings


    Total

    Total Liabilities & Stockholder Equity

    350

    500

    700

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