Homework Answers
OXFORD COMPANY
STATEMENT OF FINANCIAL POSITION
DECEMBER 31,XXXX
| Amount in '$' | |
| ASSETS | |
| Current Assets | |
| Cash & Cash equivalents | 20,000 |
| Trade receivables | 26,000 |
| inventories | 75,000 |
| other current assets | 32,000 |
| Total Current Assets | 153,000 |
| Property , plant & Equipment | 200,000 |
| OTHER ASSETS | |
| other long term assets | 40,000 |
| Total other assest | 40,000 |
| TOTAL ASSEST | 3,93,000 |
| LIABILITIES | |
| CURRENT LIABILITIES | |
| Accounts payable | 30,000 |
| other current liabilities | 18,000 |
| TOTAL CURRENT LIABILITIES | 48,000 |
| LONG TERM LIABILITIES | 60,000 |
| OWNER'S EQUITY | |
| common stock | 115,000 |
| Retained Earnings | 170,000 |
| TOTAL OWNER'S EQUITY | 285,000 |
| TOTAL LIABILITIES AND OWNER'S EQUITY | 3,93,000 |
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