Balance Sheet Calculations

Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows:

2019	2020
Total shareholders' equity	$ (a)	$100,700
Accumulated other comprehensive income	4,800	5,000
Current liabilities	(b)	9,800
Intangible assets	12,600	12,000
Property, plant, and equipment (net)	(c)	87,500
Current assets	18,000	(h)
Total contributed capital	51,000	(i)
Long-term liabilities	(d)	30,200
Retained earnings	42,900	(j)
Total assets	(e)	(k)
Common stock, $10 par	(f)	(l)
Working capital	9,900	9,700
Additional paid-in capital	(g)	36,000
Long-term investments	23,700	(m)
Total liabilities	38,100	(n)

Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 100 shares of common stock.

Required:

Next Level Prepare the correct balance sheet. All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)

FERMER COMPANY
Balance Sheet
December 31
	2019	2020
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Transcribed Image Text:

E4-9 LO 4.3 Balance Sheet Calculations Fermer Company's balance sheet information at the e follows: Total shareholders' equity Accumulated other comprehensive income Current liabilities Intangible assets Property, plant, and equipment (net) Current assets Total contributed capital Long-term liabilities Retained earnings Total assets Common stock, $10 par Working capital Additional paid-in capital Long-term investments Total liabilities $ 2016 (a) 4,800 (b) 12,600 (c) 19,100 51,000 (d) 40,900 (f) 9,900 (g) 23,700 38,100 2017 $100,700 5,000 9,800 12,000 87,500 (h) (i) 30,200 (₁) (k) (1) 10,200 36,000 (m) (n) E4-9 LO 4.3 Balance Sheet Calculations Fermer Company's balance sheet information at the e follows: Total shareholders' equity Accumulated other comprehensive income Current liabilities Intangible assets Property, plant, and equipment (net) Current assets Total contributed capital Long-term liabilities Retained earnings Total assets Common stock, $10 par Working capital Additional paid-in capital Long-term investments Total liabilities $ 2016 (a) 4,800 (b) 12,600 (c) 19,100 51,000 (d) 40,900 (f) 9,900 (g) 23,700 38,100 2017 $100,700 5,000 9,800 12,000 87,500 (h) (i) 30,200 (₁) (k) (1) 10,200 36,000 (m) (n)

Answer rating: 100% (QA)

Total sharholders equity Accumulated other compreh... View the full answer