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Balance Sheet Calculations Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 2020 Total shareholders' equity $ (a)
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows:
2019 | 2020 | |
Total shareholders' equity | $ (a) | $100,700 |
Accumulated other comprehensive income | 4,800 | 5,000 |
Current liabilities | (b) | 9,800 |
Intangible assets | 12,600 | 12,000 |
Property, plant, and equipment (net) | (c) | 87,500 |
Current assets | 18,000 | (h) |
Total contributed capital | 51,000 | (i) |
Long-term liabilities | (d) | 30,200 |
Retained earnings | 42,900 | (j) |
Total assets | (e) | (k) |
Common stock, $10 par | (f) | (l) |
Working capital | 9,900 | 9,700 |
Additional paid-in capital | (g) | 36,000 |
Long-term investments | 23,700 | (m) |
Total liabilities | 38,100 | (n) |
Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 100 shares of common stock.
Required:
Next Level Prepare the correct balance sheet. All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)
FERMER COMPANY | ||
Balance Sheet | ||
December 31 | ||
2019 | 2020 | |
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