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    Stephanie J

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    susan
    This statement of financial position shows Marphanie Corporation had total assets of $578,000 as of December 31, 2014, including current assets of $270,000 such as cash, marketable securities, and inventory. Total liabilities were $342,000, consisting of current liabilities of $82,000 like accounts payable and wages payable, as well as long-term bonds payable of $260,000. Stockholders' equity totaled $236,000, made up of common stock and retained earnings.

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    Stephanie J

    Uploaded by

    susan
    8 views1 page
    This statement of financial position shows Marphanie Corporation had total assets of $578,000 as of December 31, 2014, including current assets of $270,000 such as cash, marketable securities, and inventory. Total liabilities were $342,000, consisting of current liabilities of $82,000 like accounts payable and wages payable, as well as long-term bonds payable of $260,000. Stockholders' equity totaled $236,000, made up of common stock and retained earnings.

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    This statement of financial position shows Marphanie Corporation had total assets of $578,000 as of December 31, 2014, including current assets of $270,000 such as cash, marketable securities, and inventory. Total liabilities were $342,000, consisting of current liabilities of $82,000 like accounts payable and wages payable, as well as long-term bonds payable of $260,000. Stockholders' equity totaled $236,000, made up of common stock and retained earnings.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views1 page

    Stephanie J

    Uploaded by

    susan
    This statement of financial position shows Marphanie Corporation had total assets of $578,000 as of December 31, 2014, including current assets of $270,000 such as cash, marketable securities, and inventory. Total liabilities were $342,000, consisting of current liabilities of $82,000 like accounts payable and wages payable, as well as long-term bonds payable of $260,000. Stockholders' equity totaled $236,000, made up of common stock and retained earnings.

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    © All Rights Reserved
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    Stephanie J.

    Poroy BSSM III-A


    Marphanie Corporation
    Statement of Financial Position
    As of December 31, 2014

    Assets
    Current assets
    Cash $ 59,000.00
    Marketable securities 29,000.00
    Accounts receivable 53,000.00
    Inventories 94,000.00
    Prepaid rent 35,000.00
    Total current assets $ 270,000.00
    Property, Plant, and Equipment
    Machinery $ 240,000.00
    Less: Accumulated depreciation (30,000.00)
    Net Property, Plant, and Equipment 210,000.00
    Intangible Assets
    Goodwill 98,000.00
    Total Assets $ 578,000.00

    Liability and Stockholders Equity


    Liabilities
    Current Liabilities
    Accounts Payable $ 17,500.00
    Wages Payable 13,500.00
    Taxes Payable 51,000.00
    Total Current Liabilities $ 82,000.00
    Long-term Liabilities
    Bonds Payable 260,000.00
    Total Liabilities $ 342,000.00
    Stockholders Equity
    Common Stock $ 170,000.00
    Retained Earnings 66,000.00
    Total Stockholders Equity 236,000.00
    Total Liabilities and Stockholders Equity $ 578,000.00

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