Condensed financial statements for Black Company
Figure 16-4.
Condensed financial statements for Black Company appear below:
Comparative Balance Sheets
2014 2013
Cash $ 128,000 $ 201,000
Accounts receivable 472,000 438,000
Inventories 797,000 673,000
Prepaid expenses 81,000 92,000
Plant and equipment (net) 2,655,000 2,428,000
Total assets $4,133,000 $3,832,000
Accounts payable $ 198,000 $ 280,600
Long-term bon ...
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22 Apr 2016