The balance sheet of Northstar Drilling is shown below. If the December 31, 2012 value of operations
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Balance Sheet, December 31, 2012 (Millions of Dollars)
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...
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Assets Cash Marketable securities Accounts receivable Inventories $20.0 55.0 100.0 200.0 375.0 279.0 Liabilities and Equity Accounts payable Notes payable Accruals $19.0 151.0 51.0 221.0 168.0 76.0 100.0 89.0 189.0 $654.0 Total current liabilities Long-term bonds Preferred stock Common stock Retained earnings Total current assets Net plant and equipment Common equity 0 Total liabilities and equity Total assets $654.
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Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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