Textbook Notes (368,089)
Canada (161,636)
Accounting (51)
ACCTG311 (4)
Chapter 1

Chapter 1 Appendix.pdf

3 Pages
78 Views
Unlock Document

Department
Accounting
Course
ACCTG311
Professor
Kristie Dewald
Semester
Fall

Description
Distiller Inc. Consolidated Balance Sheet At December 31, 2011 (in thousands) ASSETS 31-Dec-11 31-Dec-10 CURRENT Cash $ 1,043 $ 1,620 Short-term investments 1,456 1,054 Accounts receivable 1,821 1,591 Inventory 5,916 5,721 $ 10,236 $ 9,986 NON-CURRENT Property, plant and equipment 28,475 22,450 Accumulated amortization (18,185) (15,162) $ 20,526 $ 17,274 LIABILITIES CURRENT Accounts payable and accrued liabilities $ 3,768 $ 3,317 Salaries payable 1,042 963 Income tax payable 440 210 Short term notes payable 2,364 1,000 Current portion of long-term debt 724 680 $ 8,338 $ 6,170 Long-term debt 3,904 4,584 $ 12,242 $ 10,754 SHAREHOLDERS' EQUITY Share capital 800 750 Retained earnings 7,484 5,770 $ 8,284 $ 6,520 Total liabilities and equity $ 20,526 $ 17,274 Chapter 1 Exhibit Distiller Inc. Consolidated Statement of Earnings For the year ending December 31, 2011 (in thousands) 31-Dec-11 31-Dec-10 Revenue $ 58,320 $ 56,127 Cost of Goods Sold 34,870 34,745 Gross margin 23,450 21,382 Operating expenses: Salary expense 11,664 10,978 Depreciation expense 3,023 2,987 General and administrative expenses 1,970 2,130 Advertising expense 1,225 986 Rent expense 965 935 Insurance expense 337 379 Interest expense 322
More Less

Related notes for ACCTG311

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit