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BALANCE SHEET
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12/31/201412/31/2015
$ Change from 2014 to 2015
% Change from 2014 to 2015
Concern? Yes or No
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ASSETS:
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Current Assets:
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Cash and cash equivalents
US$ 400 000US$ 600 000US$ 200 00050%No
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Short-term investments
US$ 900 000US$ 900 000US$ -0%No
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Accounts receivable
US$ 180 000US$ 230 000US$ 50 00028%No
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InventoryUS$ 20 000US$ 45 000US$ 25 000125%No
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Total Current Assets
US$ 1 500 000US$ 1 775 000US$ 275 00018%No
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Long Term Assets:
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Building we own, net of depreciation
US$ 100 000US$ 95 000US$ (5 000)-5%No
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LandUS$ 15 000US$ 25 000US$ 10 00067%No
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MachineUS$ -US$ 50 000US$ 50 000N/ANo
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Total Long Term Assets
US$ 115 000US$ 170 000US$ 55 00048%No
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Total AssetsUS$ 1 615 000US$ 1 945 000US$ 330 00020%No
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LIABILITIES & EQUITY:
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Current Liabilities:
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Accounts payable
US$ 30 000US$ 35 000US$ 5 00017%No
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Short-term debtUS$ 100 000US$ 89 250US$ (10 750)-11%No
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Total Current Liabilities
US$ 130 000US$ 124 250US$ (5 750)-4%No
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Long Term Liabilities:
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Long-term debtUS$ 1 000 000US$ 900 000US$ (100 000)-10%No
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Total LiabilitiesUS$ 1 130 000US$ 1 024 250US$ (105 750)-9%No
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Equity:
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Retained EarningsUS$ 470 000US$ 845 750US$ 375 75080%No
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Common SharesUS$ 15 000US$ 75 000US$ 60 000400%No
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Total EquityUS$ 485 000US$ 920 750US$ 435 75090%No
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Total Liabilities and Equity
US$ 1 615 000US$ 1 945 000US$ 330 00020%No
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Does Assets = Liabilities + Equity?
Yes the balance sheet balances.
Yes the balance sheet balances.
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