Birtle Corporation reports the following statement of financial position information for 2017 and 2018. BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets 2017 $ 9,279 23,683 42,636 $ 75,598 $272,047 $347,645 2018 $ 11,173 25,760 46,915 $83,848 $297,967 $381,815 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 41,060 16,157 $57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 2018 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236,167 $286,167 $381,815

Birtle Corporation reports the following statement of financial position information for 2017 and 2018. BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets 2017 $ 9,279 23,683 42,636 $ 75,598 $272,047 $347,645 2018 $ 11,173 25,760 46,915 $83,848 $297,967 $381,815 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 41,060 16,157 $57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 2018 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236,167 $286,167 $381,815

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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Ee.68.
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