Homework Answers
For 2013
Current assets = Total assets - Property, plant and equipment - Long term investments - Intangible assets
= 142,200 - 85,700 - 19,200 - 10,400
= $26,900
Long term liabilities = Total liabilities - Current liabilities
= 50,300 - 14,500
= $35,800
Total shareholders' equity = Total assets - Total liabilities
= 142,200 - 50,300
= $91,900
Contributed capital = Total shareholders' equity - Retained earnings
= 91,900 - 56,900
= $35,000
Total liabilities and shareholders' equity = 50,300 + 91,900
= $142,200
For 2014
Total assets = Total liabilities and shareholders' equity
= $149,200
Long term investments = Total assets - Current assets - Intangible assets - Property, plant and equipment
= 149,200 - 25,000 - 9,200 - 92,800
= $22,200
Total liabilities = Current liabilities + Long term liabilities
= 12,300 + 34,900
= $47,200
Total shareholders' equity = Total assets - Total liabilities
= 149,200 - 47,200
= $102,000
Contributed capital = Total shareholders' equity - Retained earnings
= 102,000 - 67,000
= $35,000
Please ask if you have any query related to the question. Thank you
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