Balance Sheet Calculations Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 2020 Total shareholders' equity $ (a) $100,700 Accumulated other comprehensive income 4,800 5,000 Current liabilities (b) 9,800 Intangible assets 12,600 12,000 Property, plant, and equipment (net) (c) 87,500 Current assets 19,000 (h) Total contributed capital 51,000 (i) Long-term liabilities (d) 30,200 Retained earnings 41,900 (i) Total assets (e) (k) Common stock, $10 par (f) (1) Working capital 9,900 9,200 Additional paid-in capital (g) 40,000 Long-term investments 23,700 (m) Total liabilities 38,100 (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 300 shares of common stock.

Balance Sheet Calculations Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 2020 Total shareholders' equity $ (a) $100,700 Accumulated other comprehensive income 4,800 5,000 Current liabilities (b) 9,800 Intangible assets 12,600 12,000 Property, plant, and equipment (net) (c) 87,500 Current assets 19,000 (h) Total contributed capital 51,000 (i) Long-term liabilities (d) 30,200 Retained earnings 41,900 (i) Total assets (e) (k) Common stock, $10 par (f) (1) Working capital 9,900 9,200 Additional paid-in capital (g) 40,000 Long-term investments 23,700 (m) Total liabilities 38,100 (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 300 shares of common stock.

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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