ACC 280 Exercise 15-3 The comparative condensed balance sheet of Conard Corporation are
ACC 280 E15-3 Conard Corporation
Exercise 15-3 The comparative condensed balance sheet of
Conard Corporation are presented blow
Principles of Accounting: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.
Axia College of University of Phoenix (UoP)
Exercise 15-3 The comparative condensed balance sheet of Conard Corporation are presented blow CONARD CORPORATION Comparative Condensed Balance Sheet December 31 2009 2008 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 stockholder’s equity Current liabilities $ 42,000 $48,000 Long-term liabilities 143,000 150,000 Stockholder’s equity 15,000 12,000 Total liabilities and stockholders equity $200,000 $210,000
a. Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2008 as a base. b. Prepare a vertical analysis of the balance sheet data for Conard Corporation in colum-nar form for 2009.
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