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Financial statements of mark Company for the years 2010-1022

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The condensed financial statements of mark Company for the years 2010-1022 are presented below;marks Company;Comparative Balance Sheets;As of December 31, 2011 and 2010;2011 2010;Cash $420,000 $120,000;Receivable(net) 460,000 300,000;Inventories 380,000 340,000;Plant and equipment 1,700,000 1,112,000;Accumulated depreciation (260,000) (192,000);$2,700,000 $1,680,000;Accounts payable $ 240,000 $160,000;Dividens payable 0 40,000;Bonds payable 400,000 0;Common stock ($10 par) 1,520,000 1,200,000;Retained earnings 540,000 280,000;2,700,000 1,680,000

 

Paper#25960 | Written in 18-Jul-2015

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