© Corporate Finance Institute

Vadero Inc Exercise

Vadero Inc engaged in the following transactions:

1. Issued common shares of 300.

2. Bought equipment for 200. It has an expected life of 10 years.
3. Bought inventory of 100. 80 of this was paid in cash. The remainder is outstanding at the balance sheet date.
4. Sold 75% of the inventory for 120. 100 of this had been received in cash at the balance sheet date.
5. Paid cash expense of 15.

Construct the balance sheet of Vadero Inc.

Balance Sheet
Assets Liabilities
Current assets: Current liabilities:

Non-current liabilities:
Total current assets -
Shareholders' equity
Non-current assets:

Total non-current assets -

Total assets - Total liabilities and shareholders' equity

alance sheet date.

-
olders' equity -