Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013 2014 | 2013 Increase/(Decrease) Assets Cash 238,000 215,200 Accounts Receivable 303,200 259,300 Inventories 358,300 348,200 Prepaid expenses Intangible assets Plant assets, net 35,350 43,100 205,000 205,000 ? 1,105,000 910,000 ? Total Assets 2,244,850 1,980,800 Liabilities 254,300 415,300 240,000 ? Acemed liabilities onverted by P to 410,000 Income tax payable Long-term notes payable Stockholders Equity Čommon Stock 115,000 135,400 845,400 910,500 ? htetelak RauiyW.PDF-Helper.com/pdf-to-jpg/ 295,500 275,300 Retained earnings 345,600 295,400 ? Treasury stock Total liabilities and stockholders' equity (26,250) 2,244,850 (285,800) 1,980,800
Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013 2014 | 2013 Increase/(Decrease) Assets Cash 238,000 215,200 Accounts Receivable 303,200 259,300 Inventories 358,300 348,200 Prepaid expenses Intangible assets Plant assets, net 35,350 43,100 205,000 205,000 ? 1,105,000 910,000 ? Total Assets 2,244,850 1,980,800 Liabilities 254,300 415,300 240,000 ? Acemed liabilities onverted by P to 410,000 Income tax payable Long-term notes payable Stockholders Equity Čommon Stock 115,000 135,400 845,400 910,500 ? htetelak RauiyW.PDF-Helper.com/pdf-to-jpg/ 295,500 275,300 Retained earnings 345,600 295,400 ? Treasury stock Total liabilities and stockholders' equity (26,250) 2,244,850 (285,800) 1,980,800
Chapter1: Financial Statements And Business Decisions
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