ACCTING 1002 Lecture Notes - Lecture 9: Intangible Asset, Conveyancing, Book Value
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Complete the balance sheet: Assets: CURRENT ASSETS | 2014 | 2015 |
Cash in bank | $125,000.00 | |
Accounts receivable | $200,000.00 | $225,000.00 |
Inventory | $50,000.00 | |
Prepaid expenses | $30,000.00 | $85,000.00 |
Other current assets | $15,000.00 | $25,000.00 |
TOTAL CURRENT ASSETS | $500,000.00 | $530,000.00 |
FIXED ASSETS | 2014 | 2015 |
Machinery and equipment | $29,000.00 | $33,729.00 |
Furniture and fixtures | $8,000.00 | $24,627.00 |
Leasehold improvements | $25,600.00 | |
Land and buildings | $68,800.00 | $70,611.00 |
Other fixed assets | $21,800.00 | $31,517.00 |
(LESS accumulated depreciation on all fixed assets) | -$83,942.00 | |
TOTAL FIXED ASSETS (NET OF DEPRECIATION) | $104,382.00 | |
OTHER ASSETS | 2014 | 2015 |
Intangibles | $100,000.00 | $101,997.00 |
Deposits | $43,600.00 | |
Goodwill | $78,136.00 | |
Other | $69,400.00 | $65,508.00 |
TOTAL OTHER ASSETS | $273,900.00 | $261,318.00 |
TOTAL ASSETS | $835,800.00 | $ 895,700.00 |
Below you will find selected information (in millions) fromCoca-Cola Co.Γ’ΒΒs 2012 Annual Report.
Income Taxes Payable | $471 |
Short-term Investments and Marketable Securities | 8,109 |
Cash | 8,442 |
Other non-current Liabilities | 10,449 |
Common Stock | 1,760 |
Receivables | 4,812 |
Other Current Assets | 2,973 |
Long-term Investments | 10,448 |
Other Non-current Assets | 3,585 |
Property, Plant and Equipment | 23,486 |
Trademarks | 6,527 |
Other Intangible Assets | 20,810 |
Allowance for Doubtful Accounts | 53 |
Accumulated Depreciation | 9,010 |
Accounts Payable | 8,680 |
Short Term Notes Payable | 17,874 |
Prepaid Expenses | 2,781 |
Other Current Liabilities | 796 |
Long-Term Liabilities | 14,736 |
Paid-in-Capital in Excess of Par Value | 11,379 |
Retained Earnings | 55,038 |
Inventories | 3,264 |
Treasury Stock | 35,009 |
Other information taken from the Annual Report.
Sales Revenue for 2012 | $48,017 |
Cost of Goods Sold for 2012 | 19,053 |
Net Income for 2012 | 9,019 |
Inventory Balance on 12/31/11 | 3,092 |
Net Accounts Receivable Balance on 12/31/11 | 4,920 |
Total Assets on 12/31/11 | 79,974 |
Equity Balance on 12/31/11 | 31,921 |
Required: 1: Using the information provided prepare a BalanceSheet. Separate the current assets from non-current assets andprovide a total for each. Also, separate the current liabilitiesfrom the non-current liabilities and provide a total for each.