Comprehenaive Problem TLC Company wus eatablished on January 1. 2015 and a engaged in the manufacture of farm toolu. Thhe cumpany makes une of 365 daye in its computation for some of the ratios. You will find below their cuaiparative SFP & SCI for two years TLC Company Comparative Finaneial Statement Eor Yenr 2015. and 2016 2016 2015 Assets Cash Accounts Receivahle Trailing Securities Inventories Prepaid Expenses 400,000 100,000 20,000 80.000 290,000 120,000 40,000 60,000 10.000 520,000 20,000 620,000 Total Current Assets Total Non-Current Assets 300,000 920,000 200,000 720,000 Total Asseta Liabilities 18 50,000 450,000 Total Current Liabilities 100,000 Tatal Non-Current Linhilities Owner's Equity 350,000 Total Owner's 420.000 a00.000
Comprehenaive Problem TLC Company wus eatablished on January 1. 2015 and a engaged in the manufacture of farm toolu. Thhe cumpany makes une of 365 daye in its computation for some of the ratios. You will find below their cuaiparative SFP & SCI for two years TLC Company Comparative Finaneial Statement Eor Yenr 2015. and 2016 2016 2015 Assets Cash Accounts Receivahle Trailing Securities Inventories Prepaid Expenses 400,000 100,000 20,000 80.000 290,000 120,000 40,000 60,000 10.000 520,000 20,000 620,000 Total Current Assets Total Non-Current Assets 300,000 920,000 200,000 720,000 Total Asseta Liabilities 18 50,000 450,000 Total Current Liabilities 100,000 Tatal Non-Current Linhilities Owner's Equity 350,000 Total Owner's 420.000 a00.000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 84.3C
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