The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below. ELLIOTT
Fantastic news! We've Found the answer you've been seeking!
Question:
The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.
ELLIOTT COMPANY Balance Sheets December 31 (in thousands) | ||
2014 | 2013 | |
Current assets | ||
Cash and cash equivalents | $ 330 | $ 360 |
Accounts receivable (net) | 470 | 400 |
Inventory | 460 | 390 |
Prepaid expenses | 130 | 160 |
Total current assets | 1,390 | 1,310 |
Property, plant, and equipment (net) | 410 | 380 |
Investments | 10 | 10 |
Intangibles and other assets | 530 | 510 |
Total assets | $2,340 | $2,210 |
Current liabilities | $ 820 | $ 790 |
Long-term liabilities | 480 | 380 |
Stockholders |
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date: