HHD INC. | ||
Balance Sheet | ||
At December 31,2021 | ||
ASSETS : | ||
Current Assets : | ||
Cash | $ 153,000 | |
Investment in stocks | $ 93,000 | |
Accounts receivable | $ 203,000 | |
Inventories | $ 228,000 | |
Prepaid insurance | $ 28,000 | |
Total current assets | $ 705,000 | |
Investments : | ||
Investment in stocks | $ 163,000 | |
Restricted cash | $ 253,000 | |
Total investments | $ 416,000 | |
Property,Plant and Equipment: | ||
Land | $ 830,000 | |
Buildings | $ 1,530,000 | |
less: Accumulated Depreciation-Buildings | ($603,000) | |
Equipment | $ 530,000 | |
less: Accumulated Depreciation-Equipment | ($203,000) | |
Net property , Plant and Equipment | $ 2,084,000 | |
Intangible Assets: | ||
Patents | $ 113,000 | |
copyrights | $ 93,000 | |
Total Intangible Assets | $ 206,000 | |
Total Assets | $ 3,411,000 | |
LIABILITIES AND SHAREHOLDER'S EQUITY : | ||
Current liabilities : | ||
Accounts Payable | $ 103,000 | |
Notes Payable | $ 153,000 | |
Income Tax Payable | $ 63,000 | |
Total current assets | $ 319,000 | |
Long term liabilities : | ||
Notes Payable | $ 93,000 | |
Bonds Payable | $ 1,019,000 | |
Total long term liabilities | $ 1,112,000 | |
Total Liabilities | ||
Shareholder's equity : | ||
Common stock | $ 1,150,000 | |
Retained Earnings | $ 830,000 | |
Total shareholder's equity | $ 1,980,000 | |
Total liabilities and shareholder's equity | $ 3,411,000 |
Note :
Common stock , No par (600,000 shares are Authorized , 230,000 shares issued and outstanding )= $ 1,150,000
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 640,000 530,000 2,280,000 220,000 $3,670,000 $ 440.000 830,000 2,400,000 $3,670,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $160,000; accounts receivable (net). $210,000; inventory, $235,000; and prepaid insurance, $35,000 b. Investments: investment in equity securities, short term,...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 660,000 545,000 2,420,000 230,000 $3,855,000 $ 460,000 695,000 2,700,000 $3,855,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $165,000; accounts receivable (net). $215,000; inventory $240,000; and prepaid insurance, $40,000, b. Investments: Investment in equity securities, short term,...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 604,000 503,000 2,028,000 202,000 $3,337,000 $ 404,000 1,073,000 1,860,000 $3,337,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $151,000; accounts receivable (net), $201,000; inventory, $226,000; and prepaid insurance, $26,000. b. Investments: investment in equity securities, short term,...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 652,000 539,000 2,364,000 226,000 $3,781,000 $ 452,000 749,000 2,580,000 $3,781,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $163,000; accounts receivable (net), $213,000; inventory, $238,000; and prepaid insurance, $38,000. b. Investments: investment in equity securities, short term,...
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Prepare a classified balance sheet for the partnership after the partners’ investments on December 31, 2022. THE IVANHOE PARTNERSHIPBalance Sheetchoose the accounting period For the Quarter Ended December 31 , 2022December 31 , 2022For the Year Ended December 31 , 2022Assetsselect an opening name for subsection one ...
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