Problem 5-5 Presented below is the balance sheet of Sargent Corporation for the current year,...
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Accounting
Problem 5-5
Presented below is the balance sheet of Sargent Corporation for the current year, 2014.
| SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2014 | ||||||
| Current assets | $ 485,000 | Current liabilities | $ 380,000 | |||
| Investments | 640,000 | Long-term liabilities | 1,000,000 | |||
| Property, plant, and equipment | 1,720,000 | Stockholders | ||||
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