In: Accounting
Arshdeep Inc | ||
Balance Sheet | ||
At December 31, 2019 | ||
Assets | Amount | |
Current Assets: | ||
Cash | 13,000 | |
Marketable securities | 17,000 | |
Accounts receivable | 26,000 | |
Inventory | 30,000 | |
Total Current Assets | 86,000 | |
Plant,Assets : | ||
Land and buildings | 57,000 | |
Machinery and equipment | 125,000 | |
Less: Accumulated depreciation- Machinery and equipment | -61,000 | |
Total plant asset | 121,000 | |
Intangible assets: | ||
Goodwill | 8,000 | |
Patents | 10,000 | |
Total intangible assets | 18,000 | |
Other assets | 50,000 | |
Total Assets | $275,000 | |
Liabilities and Stockholders Equity | ||
Current Liabilities: | ||
Accounts payable | 15,000 | |
Current maturity and long term dept | 11,000 | |
Total Current liabilities | 15,000 | |
Long term liabilities: | ||
Mortgages payable | 80,000 | |
Bonds payable | 70,000 | |
Deferred income taxes (long term liability) | 18,000 | |
Total long term liabilities | 168,000 | |
Stockholders Equity: | ||
Common stock | 21,000 | |
Additional paid in capital | 38,000 | |
Retained earnings | 33,000 | |
Total stockholders equity | 92,000 | |
Total Liabilities & Stockholders Equity | $275,000 |
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