Compute the amount and percentage changes for Rivera Companys comparative balance sheets, and comment on the changes
Question:
Compute the amount and percentage changes for Rivera Company’s comparative balance sheets, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.)
Rivera Company Comparative Balance Sheets December 31, 2014 and 2013
Assets Current assets | 2014
$ 37,200 |
| 2013
$ 25,600 |
Property, plant, and equipment (net) | 218,928 |
| 194,400 |
Total assets | $256,128 |
| $220,000 |
Liabilities and Stockholders’ equity Current liabilities $ 22,400 |
|
$ 6,400 | |
Long-term liabilities 70,000 |
| 80,000 | |
Stockholders’ equity 163,728 |
| 133,600 | |
Total liabilities and stockholders’ equity $256,128 |
| $220,000 |
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins