Balance sheet data for Bryant Company on December 31, the end of the fiscal year, are shown

Question:

Balance sheet data for Bryant Company on December 31, the end of the fiscal year, are shown below.

2015 2014

Current assets $775,000 $585,000

Property, plant and equipment 1,425,000 1,597,500

Intangible assets 300,000 67,500

Current liabilities 525,000 360,000

Long term liabilities 900,000 855,000

Common shares 250,000 270,000

Retained earnings 825,000 765,000

Prepare a comparative balance sheet for 2015 and 2014, stating each asset as a percent of total assets and each liability and shareholders' equity item as a percent of the total liabilities and shareholders' equity. Round to one decimal place

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...