2-1

Assets Liabilities and Shareholder's Equity

Current Assets Current Liabilities
Cash and cash equivalents 800,000 Accounts Payable 900,000
A/R (Net ADA) 700,000 Accrued Expense 150,000
Prepaid Expense 160,000 Bonds Payable 1,800,000
Inventory 1,000,000 Lawsuit 100,000
Financial Asset @ FV 440,000
Non-Current Liability
Non-Current Assets Notes Payable 250,000
Land 500,000
Building 5,000,000 Total Liabilities 3,200,000
Intangible Asset 200,000
Machinery and Equipment 1,500,000 Shareholder's Equity
Accumulated Depreciated (300,000) Share Capital 3,000,000
Retained Earnings 3,800,000
Total Assets 10,000,000
Total Liabilities and Shareholder's Equity 10,000,000
2-3
Assets Liabilities and Shareholder's Equity
Current Assets Current Liabilities
Cash and cash equivalents 400,000 Accounts Payable 400,000
A/R 700,000 Notes Payable 450,000
Prepaid Expense 100,000 Taxes Payable 150,000
Inventory 800,000
Short-Term Investment 100,000 Non-Current Liability
Bonds Payable 1,900,000
Non-Current Assets Notes Payable 300,000
Land 1,250,000
Investment Property 1,500,000 Total Liabilities 3,200,000
Building 5,000,000
Accumulated Depreciation (1,600,000) Shareholder's Equity
Intangible Asset 300,000 Share Capital
Long-Term Investments 300,000 Preferred Shares 750,000
Equipment 1,400,000 Common Shares 2,000,000
Accumulated Depreciation (400,000) Share Premium
Preferred Shares 250,000
Total Assets 9,850,000 Common Shares 1,000,000
Retained Earnings 2,450,000
Retained Earnings Appropriated for Contingencies 200,000

Total Liabilities and Shareholder's Equity 9,850,000

2-4
Assets Liabilities and Shareholder's Equity
Current Assets Current Liabilities
Cash and cash equivalents 1,200,000 Trade and other payables 2,050,000
Trade and other receivable 1,000,000
Financial Asset @ FV 400,000 Non-Current Liability
Inventory 1,000,000 Mortgage Payable 2,000,000
Office Supplies 50,000
Total Liabilities 4,050,000

Non-Current Assets Shareholder's Equity

PPE 4,250,000 Share Capital 3,000,000
Accumulated Depreciation (300,000) Retained Earnings 650,000
Intangible Asset 100,000
Total Liabilities and Shareholder's Equity 7,700,000
Total Assets 7,700,000
2-5
Assets Liabilities and Shareholder's Equity
Current Assets Current Liabilities
Cash and cash equivalents 500,000 Trade and other payables 1,100,000
Trade and other receivable 3,000,000 Customers' Deposits 400,000
Financial Asset @ FV 600,000
Inventory 850,000 Non-Current Liability
Bonds Payable 2,000,000
Notes Payable 800,000
Non-Current Assets
PPE 6,000,000 Total Liabilities 4,300,000
Accumulated Depreciation (2,000,000)
Intangible Asset 350,000 Shareholder's Equity
Employee Advances 200,000 Share Capital 4,650,000
Share Premium 500,000
Total Assets 9,500,000 Retained Earnings 50,000

Total Liabilities and Shareholder's Equity 9,500,000