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Baron Coberg Case

Autor:   •  October 24, 2013  •  Case Study  •  300 Words (2 Pages)  •  956 Views

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Financial Statement 4 : Closing Balance Sheet

Baron Coburg Company Baron Coburg Company

Farm worked by Ivan Farm worked by Frederick

Balance Sheet Balance Sheet

At end of Growing Season 31st Dec 2013 At end of Growing Season 31st Dec 2013

(amt. in Bushels of Wheat) (amt. in Bushels of Wheat)

Assets Assets

Current Assets Current Assets

Bushels of Wheat 223 223 Bushels of Wheat 105

Seed 0 0 Seed 0

Fertilizer 0 0 Fertilizer 0

Total Current Asset 223 Total Current Asset 105

Plant, Property & Equipment Plant, Property & Equipment

Land (20 acres) 100 Land (10 acres) 50

Equipment (OX) 40 Equipment (OX) 40

Less Accumulated Depreciation for OX (-4) Less Accumulated Depreciation for OX (-4)

Plough 3 Plough 3

Less Loss on Plough (-3) Less Accumulated Depreciation for Plough (-1)

Total Property, Plant & Equipment 136 Total Property, Plant & Equipment 88

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