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Hansel Corporations condensed balance sheets appear below: 2019 2018 2017 Assets: Current assets $ 55,000 $ 56,500 $ 70,000 Plant & equipment, net 495,000 410,000
Hansel Corporations condensed balance sheets appear below:
| 2019 | 2018 | 2017 | ||||||||||
| Assets: | ||||||||||||
| Current assets | $ | 55,000 | $ | 56,500 | $ | 70,000 | ||||||
| Plant & equipment, net | 495,000 | 410,000 | 440,000 | |||||||||
| Intangible assets, net | 20,000 | 27,500 | 40,000 | |||||||||
| Total assets | $ | 570,000 | $ | 494,000 | $ | 550,000 | ||||||
| Liabilities & Stockholders Equity: | ||||||||||||
| Current liabilities | 40,000 | $ | 35,000 | $ | 32,500 | |||||||
| Long-term liabilities | 395,000 | 310,000 | 375,000 | |||||||||
| Stockholders equity | 135,000 | 149,000 | 142,500 | |||||||||
| Total liabilities & equity | $ | 570,000 | $ | 494,000 | $ | 550,000 | ||||||
In a trend balance sheet for 2019, long-term liabilities are expressed as:
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Financial Accounting A Critical Approach
Authors: John Friedlan
1st Edition
0130193720, 978-0130193728
