Safari File Edit View History Bookmarks Window Help Hyrkas Corporation's most recent balance sheet and...
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Accounting
Safari File Edit View History Bookmarks Window Help Hyrkas Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 Year 2 Year 1 Asset: Current assets: Cash 130 140 Accounts receivable 240 250 140 130 Prepaid expenses 20 200 Total current assets 530 540 Plant and equipment, net 917 897 Total assets $1447 $1,437 Liabilities and stockholders' equity: Current liabilities: Accounts payable 190 180 Accrued liabilities 80 Notes payable, short term 130 140 Total current liabilities 400 Bonds payable 220 270 Total liabilities 620 670 Stockholders' equity: Preferred stock, $100 par value, 10% 230 230 100 100 Common stock, $1 par value Additional paid in capital-common stock 110 110 387 320 Retained eamings Total stockholders' equity 1,447 1430 Total liabilities and stockholders' equity
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