Problems:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFinancial data of Fancy Footwork Company for 2013 and 2012 are presented below.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFANCY FOOTWORK COMPANY\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCOMPARATIVE BALANCE SHEET\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAS OF DECEMBER 31, 2013 AND 2012\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t2013\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2012\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCash\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 260,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 230,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tReceivables\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 156,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 120,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tInventory\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 180,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 220,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPlant assets\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 160,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 135,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAccumulated depreciation\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ (80,000)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ (76,000)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLong-term investments (held-to-maturity)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 80,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 93,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t$ 756,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 722,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAccounts payable\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 135,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 122,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAccrued liabilities\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 30,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 33,100\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tBonds payable\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 135,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 166,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCommon stock\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 180,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 165,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRetained earnings\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 276,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 235,900\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t$ 756,000\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$ 722,000<\/p>\n","protected":false},"excerpt":{"rendered":"
Problems: Financial data of Fancy Footwork Company for 2013 and 2012 are presented below. FANCY FOOTWORK COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2013 AND 2012 \u00a0 \u00a0 \u00a0 2013 2012 Cash $ 260,000 $ 230,000 Receivables $ 156,000 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-201415","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=201415"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=201415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=201415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=201415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}