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Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. When required, round percentages to one decimal place. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Year Percent Year Year Amount Percent Current Current Previous Previous Year Amount $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Total liabilities and stockholders' equity $10,000,000 Current liabilities Long-term liabilities Common stock 6,072,000 1,288,000 Retained earnings 1,380,000 3,680,000 920,000 3,220,000 Alvarez Company Comparative Balance Sheet For the Years Ended December 31 % $1,840,000 % 6,072,000 % 1,288,000 % $9,200,000 % $1,380,000 3,680,000 % % 920,000 % 3,220,000 % $9,200,000 % % % % % % % % %

Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. When required, round percentages to one decimal place. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Year Percent Year Year Amount Percent Current Current Previous Previous Year Amount $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Total liabilities and stockholders' equity $10,000,000 Current liabilities Long-term liabilities Common stock 6,072,000 1,288,000 Retained earnings 1,380,000 3,680,000 920,000 3,220,000 Alvarez Company Comparative Balance Sheet For the Years Ended December 31 % $1,840,000 % 6,072,000 % 1,288,000 % $9,200,000 % $1,380,000 3,680,000 % % 920,000 % 3,220,000 % $9,200,000 % % % % % % % % %

FINANCIAL ACCOUNTING
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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< Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. When required, round percentages to one decimal place. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Current liabilities Alvarez Company Comparative Balance Sheet For the Years Ended December 31 Long-term liabilities $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Common stock Retained earnings Total liabilities and stockholders' equity $10,000,000 Check My Work 6,072,000 1,288,000 1,380,000 3,680,000 920,000 3,220,000 Current Current Year Year Amount Percent $2,800,000 5,200,000 2,000,000 Previous Year Amount Percent Previous Year % $1,840,000 % 6,072,000 % 1,288,000 % $9,200,000 % $1,380,000 % 3,680,000 920,000 % 3,220,000 % $9,200,000 % % % % % % % % % % Previous Next >
Transcribed Image Text:< Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. When required, round percentages to one decimal place. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Current liabilities Alvarez Company Comparative Balance Sheet For the Years Ended December 31 Long-term liabilities $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Common stock Retained earnings Total liabilities and stockholders' equity $10,000,000 Check My Work 6,072,000 1,288,000 1,380,000 3,680,000 920,000 3,220,000 Current Current Year Year Amount Percent $2,800,000 5,200,000 2,000,000 Previous Year Amount Percent Previous Year % $1,840,000 % 6,072,000 % 1,288,000 % $9,200,000 % $1,380,000 % 3,680,000 920,000 % 3,220,000 % $9,200,000 % % % % % % % % % % Previous Next >
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