# TAGUCHI COMPANY Comparative Balance Sheets December 31

Question # 00005139 Posted By: neil2103 Updated on: 12/10/2013 11:15 PM Due on: 12/31/2013
Subject Accounting Topic Accounting Tutorials:
Question
Resources: Ch. 13 & 14 of Financial Accounting
Complete Exercises E13-8 & E14-3.
Submit as a Microsoft® Excel or Word® document.

TAGUCHI COMPANY Comparative Balance Sheets December 31
Assets 2011 2010 Cash \$ 73,000 \$ 22,000 Accounts receivable 85,000 76,000 Inventories 170,000 189,000 Land 75,000 100,000 Equipment 260,000 200,000 Accumulated depreciation (66,000) (32,000) Total \$597,000 \$555,000
Liabilities and Stockholders’ Equity Accounts payable \$ 39,000 \$ 47,000 Bonds payable 150,000 200,000 Common stock (\$1 par) 216,000 174,000 Retained earnings 192,000 134,000 Total \$597,000 \$555,000
1. Net income for 2011 was \$103,000. 2. Cash dividends of \$45,000 were declared and paid. 3. Bonds payable amounting to \$50,000 were redeemed for cash \$50,000. 4. Common stock was issued for \$42,000 cash. 5. No equipment was sold during 2011, but land was sold at cost.

CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2012 2011
Assets Current assets \$ 74,000 \$ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 27,000 40,000 Total assets \$200,000 \$210,000 Liabilities and stockholders’ equity Current liabilities \$ 42,000 \$ 48,000 Long-term liabilities 143,000 150,000 Stockholders’ equity 15,000 12,000 Total liabilities and stockholders’ equity \$200,000 \$210,000
Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.
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1. ## Solution: TAGUCHI COMPANY Comparative Balance Sheets December 31

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