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Final

ABC CORPORATION Balance Sheet Example.doc

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Department
Accounting
Course
ACC 100
Professor
Albert Ciorma
Semester
Fall

Description
ABC CORPORATION Balance Sheet October 31, 2009 Asset s Current assets Cash $ 6,600 Short-term investments 2,000 Accounts receivable 7,000 Inventories 4,000 Supplies 2,100 Prepaid insurance 400 Total current assets $ 22,100 Long-term investments Equity investment $ 5,200 Debt investment 2,000 Total long-term investments 7,200 Property, plant, and equipment Land $40,0 00 Buildings $75,0 00 Less: Accumulated depreciation 15,00 60,00 0 0 Office equipment $24,0 00 Less: Accumulated depreciation 5,000 19,00 0 Total property, plant, and 119,00 equipment 0 Goodwill
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