3. The financial statements of Mugs Company appear below: MUGS COMPANY Comparative Balance Sheet Assets Cash. Marketable securities Accounts receivable (net). Inventory Property, plant and equipment (net). Total assets. Liabilities and stockholders' equity Accounts payable Short-term notes payable. Bonds payable. Common stock 2015 P 25,000 20,000 40,000 150,000 170,000 P405.000 P 25,000 40,000 75,000 175,000 00.000 2014 P 40,000 60,000 30,000 170,000 200,000 P500,000 P 30,000 90,000 160,000 145,000 75.000
3. The financial statements of Mugs Company appear below: MUGS COMPANY Comparative Balance Sheet Assets Cash. Marketable securities Accounts receivable (net). Inventory Property, plant and equipment (net). Total assets. Liabilities and stockholders' equity Accounts payable Short-term notes payable. Bonds payable. Common stock 2015 P 25,000 20,000 40,000 150,000 170,000 P405.000 P 25,000 40,000 75,000 175,000 00.000 2014 P 40,000 60,000 30,000 170,000 200,000 P500,000 P 30,000 90,000 160,000 145,000 75.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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