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Current Assets: Concord Company, Balance Sheet, December 31st 2017 Assets

The Concord company balance sheet as of December 31, 2017 shows total assets of $1,182,610 including current assets of $421,590 such as cash, accounts receivable, inventory, and prepaid expenses as well as long-term investments, property and equipment, and intangible assets. Total liabilities are $303,590 including current liabilities like accounts payable and long-term debt of $184,130. Total stockholders' equity is $694,890 comprised of common stock, paid-in capital, and retained earnings.

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80 views4 pages

Current Assets: Concord Company, Balance Sheet, December 31st 2017 Assets

The Concord company balance sheet as of December 31, 2017 shows total assets of $1,182,610 including current assets of $421,590 such as cash, accounts receivable, inventory, and prepaid expenses as well as long-term investments, property and equipment, and intangible assets. Total liabilities are $303,590 including current liabilities like accounts payable and long-term debt of $184,130. Total stockholders' equity is $694,890 comprised of common stock, paid-in capital, and retained earnings.

Uploaded by

AndrewVaz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Concord company , Balance sheet, December 31st 2017

Assets
Current Assets
Cash
Accounts Receivable
Less: Allowance for doubtful accounts
Inventory-LIFO method
Prepaid Insurance
Total Current assets

Long-term Investments
Equity investments

Property, plant, and equipment


Land-at cost
Construction-in-Progress (Building)
Equipment
Less: Accumulated depreciation
Total Property, plant, and equipment

Intangible Assets
Patent

Total Assets

Liabilities and Stockholders’ Equity

Current Liabilities
Notes Payable
Accounts Payable

Accrued Liabilities
Total current liabilities

Long-term Debt
Bonds Payable 204130.00
Less : discount on bonds payable -20000
Total Liabilities

Stockholders’ Equity
authorised 600000 shares of $1 par value
issued and outstanding 504130 504130
Paid-in Capital in Excess of Par-Common Stock $45,000
Retained Earnings 145760
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
45130.00
167,630
-9,200 158430.00
212630.00
6400.00
422590.00

343130.00

89130.00
128130.00
404130.00
-240500.00 163630.00
380890.00

36000.00

1182610.00

98130.00
152130.00

53330.00
303590.00

184130.00
487720.00

694890.00
1182610.00

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