du
lor these same years (all in millions): $38,8262005$
the trend over the three-year period.
Problem Set A
connect
tain Lodge at December 31, 2009:
Equipment
Land....
Accounts Payable..
Accounts Receivable
Salaries Payable.
Interest Payablo
$ 39,200
425,000
54,800
10,600
33,500
12,000
Buildings....
Capital Stock
Cash....
Furnishings...
Snowmobiles
Notes Payable..
Retained Earnings
$450,000
135,000
31,400
58,700
15,400
620,000
?
Instructions
Prepare a balance sheet at December 31, 2009. Include a proper heading and organize your
balance sheet similar to Exhibit 2-9.(Afler "Buildings," you may list the remaining assets in
any order.) You will need to compute the amount to be shown for Retained Earnings.
Assume that no payment is due on the notes payable until 2011. Does this balance sheet
indicate that the company is in a strong financial position as of December 31, 2009? Explain
briefly.
$38,334 (2007). State each year's net income as a percentage of revenues and comment bricfly on
Listed below in random order are the items to be included in the balance sheet of Smokey Moun-
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Answer:
Please note that the values of charge and mass of the residual particles are of protons when hydrogen gas is enclosed in the discharge tube. In case some other gas is enclosed, then the positive residues differ in the values of mass and charge. This means that unlike electron, a proton is not a universal particle.
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