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Category > Accounting Posted 21 Aug 2017 My Price 10.00

Fermer Company

E4-9        Balance Sheet Calculations The balance sheet information of the Fermer Company at the end of 2007 and 2008 is

 

as follows:

 

2007

 

2008

Total stockholders’ equity

$ (1)

$100,700

Accumulated other comprehensive income

4,800

5,000

Current liabilities

(2)

9,800

Intangible assets

12,600

12,000

Property, plant, and equipment (net)

(3)

87,500

Current assets

19,100

(8)

Total contributed capital

51,000

(9)

Long-term liabilities

(4)

30,200

Retained earnings

40,900

(10)

Total assets

(5)

(11)

Common stock, $10 par

(6)

(12)

Working capital

9,900

10,200

Additional paid-in capital

(7)

36,000

Long-term investments

23,700

(13)

Total liabilities

38,100

(14)

 

Additional information: At the end of 2007, additional paid-in capital is twice the amount of capital stock. In 2008, the com- pany issued (sold) 100 shares of common  stock.

 

Required

Fill in the blanks numbered (1) through (14). All the necessary information is provided. (Hint: It is not necessary to calculate your answers in numerical order.)

 

Answers

Maurice Tutor
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Status NEW Posted 21 Aug 2017 03:08 PM My Price 10.00

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