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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Cash $ 16 $ 12
Comparative financial statements for Weaver Company follow: |
Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 | ||||
2014 | 2013 | |||
Assets | ||||
Cash | $ | 16 | $ | 12 |
Accounts receivable | 307 | 229 | ||
Inventory | 155 | 195 | ||
Prepaid expenses | 9 | 6 | ||
Total current assets | 487 | 442 | ||
Property, plant, and equipment | 508 | 430 | ||
Less accumulated depreciation | (86) | (71) | ||
Net property, plant, and equipment | 422 | 359 | ||
Long-term investments | 26 | 32 | ||
Total assets | $ | 935 | $ | 833 |
Liabilities and Stockholders' Equity | ||||
Accounts payable | $ | 304 | $ | 224 |
Accrued liabilities | 72 | 78 | ||
Income taxes payable | 75 | 64 | ||
Total current liabilities | 451 | 366 | ||
Bonds payable | 197 | 171 | ||
Total liabilities | 648 | 537 | ||
Common stock | 162 | 201 | ||
Retained earnings | 125 | 95 | ||
Total stockholders |
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