Professional Documents
Culture Documents
2.2
The Valley Pump Corporation
Statement of Financial Position
At December 31, 2013
Asset
Current Assets
Cash 25.000
Account receivable 56.000
Allowance for uncollectible accounts (5.000)
Inventories 81.000
Marketable securities - current 22.000
Prepaid expense 32.000
Total current assets 211.000
Non-current assets 44/2
Inventments
Marketable securities - Non-current 22.000
Land 20.000
Total 42.000
Property, Land and Equipment
Land 100.000
Buildings 300.000
Less: Accumulated depreciation - buildings 100.000
Equipment 75.000
Less: Accumulated depreciation - equipment 25.000 350.000
Intangible assets
Copyright 12.000
Total Assets 615.000
Liabilities and Shareholder's equity
Current liabilities
Accounts Payable 65.000
Unearned rev. 20.000
Notes Payable 100.000
Interest Payable 10.000
Current maturities of long - term debt 50.000
Total current lia. 245.000
Long-term Payable
Note Payable 100.000 chỗ này 6m sao
Shareholder's Equity
Common stock 200.000
Retained Earnings 70.000
Total shareholder's equity 270.000
Total liabilities and shareholder's equity 615.000
24/11/2023