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  • Balance Sheet1

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    Ryan Arce
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    The balance sheet shows Star Corporation had total assets of $23,135,000 on December 31, 2010, including current assets of $4,085,000 and fixed assets of $19,050,000. Total liabilities were $12,000,000, consisting of accounts payable, dividends payable, long-term notes payable, and bonds payable. Stockholder's equity totaled $20,000,000 made up of common stock, preferred stock, and retained earnings.

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    The balance sheet shows Star Corporation had total assets of $23,135,000 on December 31, 2010, including current assets of $4,085,000 and fixed assets of $19,050,000. Total liabilities were $12,000,000, consisting of accounts payable, dividends payable, long-term notes payable, and bonds payable. Stockholder's equity totaled $20,000,000 made up of common stock, preferred stock, and retained earnings.

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    15 views1 page

    Balance Sheet1

    Uploaded by

    Ryan Arce
    The balance sheet shows Star Corporation had total assets of $23,135,000 on December 31, 2010, including current assets of $4,085,000 and fixed assets of $19,050,000. Total liabilities were $12,000,000, consisting of accounts payable, dividends payable, long-term notes payable, and bonds payable. Stockholder's equity totaled $20,000,000 made up of common stock, preferred stock, and retained earnings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    STAR CORPORATION

    Balance Sheet
    December 31, 2010

    ASSETS LIABILITIES

    CURRENT ACCOUNTS PAYABLE 9850000


    CASH 525000 DIVIDENDS PAYABLE 350000
    ACCOUNTS RECEIVABLE 935000 LONG-TERM NOTES PAYABLE 800000
    INTEREST ACCRUED RECEIVABLE 25000 BONDS PAYABLE 1000000
    INVENTORIES 2600000
    TOTAL LIABILITIES 12000000
    TOTAL CURRENT ASSETS 4085000
    NET WORTH
    FIXED
    LAND 1250000 COMMON STOCK 13750000
    BUILDING AND EQUIPMENT 21900000 PREFERRED STOCK 5000000
    LESS: DEPRECIATION ALLOWANCE RETAINED EARNINGS 1250000
    4100000 17800000

    TOTAL NET
    TOTAL FIXED ASSETS 19050000 WORTH 20000000

    TOTAL ASSETS 23135000 TOTAL LIABILITIES AND NET WORTH 23135000

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