Question
NEED HELP CREATING BALANCE STATEMENT For a fictitious dairy farm construct a balance statement that includes the following line items: Stored feed inventory; supplies; current
NEED HELP CREATING BALANCE STATEMENT
For a fictitious dairy farm construct a balance statement that includes the following line items:
Stored feed inventory; supplies; current portion of mortgage due; machinery; land/property; employee wages; operating loan; total mortgage value; savings account balance; marketable livestock for sale calves; cash; accounts payable; equipment loan; stored feed inventory; accounts receivable; equipment value; breeding animals cows; vehicles
The balance sheet should be organized (any format) into current and non-current assets and liabilities.
Total Net Worth must be between $1 million and $1.5 million and the Debt to Equity ratio must be 1.35 Dollar values can be approximate, but should be generally realistic.
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