Question: The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Dux's
The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Dux's accounting records is provided also. Comparative Balance Sheets December 31, 2016 and 2015 in 000s) 2016 2015 $57 $ 32 56 71 5 3 79 62 39 22 123 64 213 274 (37) (74) Cash Accounts receivable Dividends receivable Land Buildings and equipment Less: Accumulated depreciation $ 535 $454 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 25 S 44 19 59 22 119 82 (14) (27) Less: Discount on bonds Common stock Paid-in capital-excess of par 222 212 36 32 72 (15) 0 Less: Treasury stock 79 $ 535 $454 DUX COMPANY ncome Statement For Year Ended December 31,2016 Revenues( in 000s) Sales revenue Dividend revenue S 310 7 $317
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
