2014 2013 Lease expense 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expenses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accounts recevable 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Taxrate 35% 35%

2014 2013 Lease expense 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expenses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accounts recevable 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Taxrate 35% 35%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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