- The Following Information Relates To Kemar Company Has Been A Very Profitable Company For The Last Five Years Kemar Com 1 (77.98 KiB) Viewed 33 times
- The Following Information Relates To Kemar Company Has Been A Very Profitable Company For The Last Five Years Kemar Com 2 (77.98 KiB) Viewed 33 times
The following information relates to Kemar Company has been a very profitable company for the last five years. KEMAR COMPANY Comparative Statement of Financial Position 2020 2019 Assets Long term Investments 731,250 312,500 Computer Equipment 393,750 193,750 Accumulated Depreciation -135,281 -48,438 Plant Assets 1,037,500 537,500 Accumulated Depreciation Plant Assets -473,750 -281,250 Inventories 270,000 165,000 Prepaid expenses 42,750 31,250 Accounts receivable 258,750 183,750 Short term Investments 60,000 68,750 Cash 102,937 78,288 Total $2,287,906 $1,241,100 Share Capital -Ordinary Shares 780,000 343,750 Retained Earnings 449,084 226,781 Bonds payable 565,000 325,000 Interest Payable 42,188 18,438 Accrued expenses payable 84,734 64,125 Accounts Payable 366,900 263,006 Total $2.287.906 $1.241.100 Liabilities and Stockholders' Equity