In alphabetical order below are current asset items for Ruiz Companys balance sheet at December 31, 2012.
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Accounts receivable ......... $200,000
Cash ............... 62,000
Finished goods ........... 91,000
Prepaid expenses ........... 38,000
Raw materials .......... 73,000
Work in process ......... 87,000
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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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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