E5-5B(Preparation of a Corrected Balance Sheet) Darling Company has decided to expand its operations.

E5-5B(Preparation of a Corrected Balance Sheet) Darling Company has decided to expand its operations. The bookkeeper recently completed the balance sheet in order to obtain additional funds for expansion. DARLING COMPANY, BALANCESHEET, DECEMBER 31, 2012, Current assets, Cash $ 105,000,Accounts receivable (net) 411,000 Inventories at lower of average cost or market 561,000, Available-for-sale securitiesat cost (fair value $65,000) 50,000, Property, plant, and equipment Building (net) 1,561,000, Office equipment (net) 125,000, Land held for future use 251,000 Intangible assets, Patents 128,000, Cash surrender value of life insurance 26,000, Prepaid expenses 39,000, Current liabilities, Accounts payable 367,000, Notes payable (due next month) 75,000, Pension obligation 361,000, Unearned revenue 26,000, Premium on bonds payable 36,000, Long-term liabilities, Bonds payable 1,500,000, Stockholders’ equity, Common stock, $1.00 par, authorized 1,000,000shares, issued 610,000 610,000, Additional paid-in capital 200,000, Retained earnings ? Instructions: Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $302,000 and for the office equipment, $86,000. The allowance for doubtful accounts has a balance of $37,000. The pension obligation is considered a long-term liability.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more