Financial Statement Analysis

School: Academy of Healing Arts Massage and Facial Skin Care           Price: $10.00 USD

Document Description

The following (given in scrambled order) are accounts and balances from the accounting records of Alleg, Inc., as of December 31, 2012, after the books were closed for the year.





Common stock, authorized 21,000 share

At $1 par value, issued 12,000 Shares
$12,000

Additional paid-in capital

38,000

Cash

14,000

Marketable securities

17,000

Accounts receivable

26,000

Accounts Payable

16,000

Current maturities of long-term debt

11,000

Mortgages payable

80,000

Bonds payable

65,000

Inventory

33,000

Land and buildings

57,000

Machinery and equipment

120,000

Goodwill

13,000

Patents

9,000

Other assets

45,000

Deferred income taxes (long-term liability)

18,000

Retained earnings

33,000

Accumulated depreciation

61,000

Bonds and mortgages generally have 10-30 years until maturity. Marketable securities are short-term investments that can be

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Academy of Healing Arts Massage and Facial Skin Care
Financial Statement AnalysisAlleged IncClassified Balance sheetAs on Dec 31st, 2012AssetsAmountAmountCurrent Assets:Cash$14,000Account Receivable$26,000Inventory$33,000Marketable equity securities$17,000Total current assets$90,000$116,000Total intangibles:$22,000Other Assets:$45,000Propert, Plant & Equipments:Land & Building$57,000Machinery & Equipment$120,000$177,000$61,000Less: Accumulated depreciationTotal Property, Plant & equipments(Net)Intangible assets:Goodwill$13,000Patents$9,000Total Assets:$273,000$27,000Total Long term liabilities:$163,000Total Liabilities$190,000$83,000Liabilities:Current liabilities:Accounts Payable$16,000Current maturities of long term debt$11,000Total current liabilitiesLong Term liabilities:Mortgage payable$80,000B
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