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Assignment
Below given is the Balance Sheet of Haider Corporation. The company is involved 
in the business to Textile and Weaving and is operating as a public limited 
company since year 2000. 
Requirement:
Critically evaluate the Balance Sheet of Haider Corporation and specify your 
criticism on the items of Balance Sheet and explain proper treatment of any item 
criticized.
For example
 Patent mentioned under the head of Plant Asset should be classified as 
Intangible Asset instead of Plant Asset.

                                                        Haider Corporation Company Ltd.
                                                                         31-Dec-18
Assets
      Current Assets:
Cash (including Rs. 20,000 restricted for notes payable) 80,000
Marketable securities 30,000
Accounts Receivables, less allowance for doubtful accounts of Rs. 12,000 95,000
Inventory 75,000
Total Current Assets 280,000
Plant Assets:
Land 200,000
Building, net 100,000
Equipment 120,000
Less: Accumulated Depreciation 20,000 100,000
Patent 27,000
Organizational Costs 13,000
Total Plant Assets 440,000
Other Assets:
Prepaid Insurance 30,000
Total Assets 750,000
             Liabilities & Stockholders' Equity:
Current Liabilities:
Accounts Payable 90,000
Wages Payable 30,000
Notes Payable, due July, 2020 28,000
Bonds Payable, due December 2025 150,000
Total Current Liabilities 298,000
Dividend Payable
Deferred Tax Liability,80,000   Long Term 77,000
Stockholders' Equity
Common Stock (Rs, 10 par, 50,000 shares authorized, 20,000 
shares outstanding 200,000 
Retained Earnings 95,000
Total Stockholders' Equity 295,000
Total Liabilities and Stockholders' Equity 750,000

need idea

yahn pe kaisy discuss krty hain mujhay smjh ni aarhi

Solution Please

kindly give idea/solution

Assets

Current Assets:

Cash 

60,000

Marketable securities

30,000

Accounts Receivables

83,000

Inventory

75,000

              

 

 

                                                                                                     248,000

 

 

fixed Assets:

Land

                           200,000

Building, net

                           100,000

Equipment

                          120,000

Less: Accumulated Depreciation

20,000

  100,000

 total fixed assets

 

 

 

Other assets

Patent

                           4,57000

 

 

 

 

27,000

Organizational Costs

13,000

Prepaid insurance 

 30,000

                                                                                                     70,000

 

 

 

Total Assets 

                           775000

 

 

 

Current Liabilities:

Accounts Payable

90,000

Wages Payable

30,000

Notes Payable, due July, 2020

Notes payabe due on dec 2018                             

                       

28,000

20,000

Bonds Payable, due December 2025

150,000

Total Current Liabilities

                      318,000

 

 

 

 

 

Dividend Payable                                                                              85,000

Deferred Tax Liability, Long Term

 

 

 

 

Stockholders' Equity

Common Stock                                            

                 200,000

Retained Earnings

95,000

 

 

Total Stockholders' Equity                                                                                                                                                                                                                       

295,000

                                  77,000

 

 

 

 

 

775000              

thank you

ap ka answer thk nai hy

Plant Assets:

Land                                                       200,000  

                                              

Building, net                                            100,000

                                              

Equipment                                     120,000   

                                            

Less: Accumulated Depreciation        20,000

                                                             100,000                                                             Total Plant Assets                              400000

                    

                     

fin623 gdb ka solution chaya sir aj last date hy.. kindly help me.

Current Liabilities:

Accounts Payable           90,000

Wages Payable              30,000

Dividend Payable           80000

Total Current Liabilities   200000



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