Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 570

Financial Statements

Chapter 18

Student Assignment

7. Q-Tex Company
   Balance Sheet
   December 31, 20XX

ASSETS

Current Assets

Total Current Assets

Property, Plant & Equipment

Total Property, Plant & Equipment

TOTAL ASSETS

LIABILITIES

Current Liabilities

Total Current Liabilities

Long-Term Liabilities

Total Long-Term Liabilities

TOTAL LIABILITIES

STOCKHOLDER’S EQUITY

TOTAL STOCKHOLDER’S EQUITY

TOTAL LIABILITIES & SHAREHOLDER’S EQUITY

18.3.2 Balance Sheet Word Problems & Exercise (cont’d)