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Problem 5-5 Presented below is the balance sheet of Sargent Corporation for the current year, 2014. SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2014 Current assets
Problem 5-5
Presented below is the balance sheet of Sargent Corporation for the current year, 2014.
SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2014 | ||||||
Current assets | $ 485,000 | Current liabilities | $ 380,000 | |||
Investments | 640,000 | Long-term liabilities | 1,000,000 | |||
Property, plant, and equipment | 1,720,000 | Stockholders |
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