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

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    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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    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.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    31 views4 pages

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

    Uploaded by

    AndrewVaz
    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.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    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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