Prepare the 2015 combined common-size, commonbase year statement of financial position for Birtle. Birtle Corporation reports the
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Prepare the 2015 combined common-size, common–base year statement of financial position for Birtle.
Birtle Corporation reports the following statement of financial position information for 2017 and 2018.
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BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Assets Current assets Cash Accounts receivable Inventory Total Total assets 2017 9,279 23,683 42,636 $ 75,598 Fixed assets Net plant and equipment 272,047 2018 $ 11,173 25,760 46,915 $ 83,848 297,967 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $347,645 $381,815 Total liabilities and owners' equity $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 2018 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 200,428 236,167 $250,428 $286,167 $347,645 $381,815
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781259654756
10th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway
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