Old MathJax webview

Old MathJax webview

Old MathJax webview

Glasgow Co. Statement of Retained Earnings for 2015 ($ millions) Retained earnings brought forward at January 1, 2015 $250 Net income for 2015 500 $750 Dividend paid 250 Retained earnings at December 31, 2015 $500 Glasgow Co. 2015 Balance Sheet ($ millions) Current assets Cash $ 50 Accounts receivable 750 Inventory 200 Total current assets Long-term assets Cost $1,500 Accumulated depreciation (500) Total assets $1,000 1.000 $2.000 Current liabilities Trade creditors Short-term bank loans Total current liabilities Long-term liabilities Total liabilities $ 200 100 $ 300 500 $ 800 Common shares (1 million) Retained earnings Total shareholders' equity Total liabilities & shareholders' equity $ 700 500 1,200 $2.000 Glasgow Co. Statement of Retained Earnings for 2015 ($ millions) Retained earnings brought forward at January 1, 2015 $250 Net income for 2015 500 $750 Dividend paid 250 Retained earnings at December 31, 2015 $500 Glasgow Co. 2015 Balance Sheet ($ millions) $ 50 750 200 Current assets Cash Accounts receivable Inventory Total current assets Long-term assets Cost Accumulated depreciation Total assets $1,000 $1,500 (500) 1,000 $2.000 Current liabilities Trade creditors Short-term bank loans Total current liabilities Long-term liabilities Total liabilities $ 200 100 $ 300 500 $ 800 Common shares (1 million) Retained earnings Total shareholders' equity Total liabilities & shareholders' equity $ 700 500 1,200 $2.000 Glasgow Co. Statement of Retained Earnings for 2015 ($ millions) Retained earnings brought forward at January 1, 2015 $250 Net income for 2015 500 $750 Dividend paid 250 Retained earnings at December 31, 2015 $500 Glasgow Co. 2015 Balance Sheet ($ millions) Current assets Cash $ 50 Accounts receivable 750 Inventory 200 Total current assets Long-term assets Cost $1,500 Accumulated depreciation (500) Total assets $1,000 1.000 $2.000 Current liabilities Trade creditors Short-term bank loans Total current liabilities Long-term liabilities Total liabilities $ 200 100 $ 300 500 $ 800 Common shares (1 million) Retained earnings Total shareholders' equity Total liabilities & shareholders' equity $ 700 500 1,200 $2.000 Glasgow Co. Statement of Retained Earnings for 2015 ($ millions) Retained earnings brought forward at January 1, 2015 $250 Net income for 2015 500 $750 Dividend paid 250 Retained earnings at December 31, 2015 $500 Glasgow Co. 2015 Balance Sheet ($ millions) $ 50 750 200 Current assets Cash Accounts receivable Inventory Total current assets Long-term assets Cost Accumulated depreciation Total assets $1,000 $1,500 (500) 1,000 $2.000 Current liabilities Trade creditors Short-term bank loans Total current liabilities Long-term liabilities Total liabilities $ 200 100 $ 300 500 $ 800 Common shares (1 million) Retained earnings Total shareholders' equity Total liabilities & shareholders' equity $ 700 500 1,200 $2.000