EX 9-22 Balance sheet presentation
List the errors you find in the following partial balance sheet:
Burnt Red Company
Balance Sheet
December 31, 2014
Assets Total current assets $350,000 Replacement Accumulated Book Cost Depreciation Value Property, plant, and equipment: Land $ 250,000 $ 50,000 $200,000 Buildings 450,000 160,000 290,000 Factory equipment 375,000 140,000 235,000 Office equipment 125,000 60,000 65,000 Patents 90,000 — 90,000 Goodwill 60,000 10,000 50,000 Total property, plant, and equipment $1,350,000 $420,000 $930,000
List the errors you find in the following partial balance sheet:
| Burnt Red Company Balance Sheet December 31, 2014 Assets | |||
| Total current assets | $350,000 | ||
| Replacement | Accumulated | Book | |
| Cost | Depreciation | Value | |
| Property, plant, and equipment: | |||
| Land | $ 250,000 | $ 50,000 | $200,000 |
| Buildings | 450,000 | 160,000 | 290,000 |
| Factory equipment | 375,000 | 140,000 | 235,000 |
| Office equipment | 125,000 | 60,000 | 65,000 |
| Patents | 90,000 | — | 90,000 |
| Goodwill | 60,000 | 10,000 | 50,000 |
| Total property, plant, and equipment | $1,350,000 | $420,000 | $930,000 |
RESEARCHERS IN THIS FIELD ARE WAITING FOR YOU TO FULLY OFFER THEIR EXPERTISE CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS……………………
Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW……………………….
Academicessayswriters.com is an online academic essays ordering system which offers academic assistance and support to students. Our purpose is to offer a helping hand which encapsulates academic and students’ support. Our main objective is to provide superb, high quality, acceptable, promising and guaranteed academic services to our clients at whatever place they reside in meeting their requirements fully for our clients’ satisfaction is ours too.
Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? Click Here and Get this Essay Done………………
No comments:
Post a Comment