Question
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders equity item as
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders equity item as a percent of the total liabilities and stockholders equity.
| Alvaraz Company |
| Comparative Balance Sheet |
| For the Years Ended December 31 |
| 1 |
| Current Year | Current Year | Previous Year | Previous Year |
| 2 |
| Amount | Percent | Amount | Percent |
| 3 | Current assets | $1,536,000.00 |
| $1,239,000.00 |
|
| 4 | Property, plant, and equipment | 3,968,000.00 |
| 3,835,000.00 |
|
| 5 | Intangible assets | 896,000.00 |
| 826,000.00 |
|
| 6 | Total assets | $6,400,000.00 |
| $5,900,000.00 |
|
| 7 | Current liabilities | $1,152,000.00 |
| $826,000.00 |
|
| 8 | Long-term liabilities | 1,792,000.00 |
| 1,947,000.00 |
|
| 9 | Common stock | 640,000.00 |
| 649,000.00 |
|
| 10 | Retained earnings | 2,816,000.00 |
| 2,478,000.00 |
|
| 11 | Total liabilities and stockholders equity | $6,400,000.00 |
| $5,900,000.00 |
|
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