BSA 3A

Tony's Inc.
Statement of Financial Position
For the Year Ended December 31, 2015

Assets      
Cash 5,490,000
Accounts Receivable 2,190,000
Inventories 27,000,000
Plant & Equipment(Net) 139,500,000
Trademarks 9,000,000
Brand Name 5,000,000
Secret Formula 7,000,000
Noncompetition Agreement 10,000,000
Total Assets 205,180,000

Liabilities and Stockholder's Equity    

Liabilities
Current Liabilities 900,000
Estimated liability for contingent consideration 400,000
Long term liabilities 117,000,000
118,300,000

Stockholder's Equity
Ordinary share/Common Stock,par 2,100,000
Share Premium/APIC 58,400,000
Accumulated P&L/Retained Earnings 27,380,000
Treasury Shares -1,000000
86,880,000
Total Liabilities & Equity 205,180,000

4). (1)

a. Total Assets- 201,700,000

b. Total Liabilities- 118,300,000

c. Additional Paid-in Capital (share premium)-58,400,000

d. Retained Earnings (Accumulated P&L) - 23,900,000

e. Stockholder’s Equity- 83,400,000

(2)

a. Total Assets- 205,180,000

b. Total Liabilities- 118,300,000

c. Additional Paid-in Capital (share premium)-58,400,000

d. Retained Earnings (Accumulated P&L) - 27,380,000

e. Stockholder’s Equity- 86,880,000

True or False

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