Net Worth and the Balance Sheet by Herbert Grant StockwellNet Worth and the Balance Sheet by Herbert Grant Stockwell

Net Worth and the Balance Sheet

byHerbert Grant Stockwell

Paperback | January 11, 2012

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1912. Not illustrated. Excerpt: ... CHAPTER XXIX Comparison Of Successive Balance Sheets T F a single balance sheet will convey solid -*- information regarding the concern whose condition it represents, how much more is gained by a comparison of the balance sheets of the same concern for two or more consecutive years? Let us take the balance sheets of a large public service corporation for the years 1910 and 1911 and set the figures side by side for comparison. THE INTERNATIONAL SERVICE COMPANY Assets 1910 1911 Cost of Property $557,417,146 $610,999,964 Contracts in Process.. 7,212,781 2,943,381 Inventories 17,048,196 20,987,551 Accounts Receivable.. 49,744,919 26,077,802 Cash 32,055,866 27,548,933 Investments 38,166,284 64,766,089 Total $701,645,192 $753,323,720 Liabilities jgio 1911 Capital Stock $352,904,063 $344,645,430 Surplus and Reserves. 95,700,385 119,598,526 Bonded Debt 187,685,339 224,791,696 Bills Payable 40,721,625 42,566,943 Accounts Payable 24,633,780 21,721,125 Total $701,645,192 $753,323,720 Cost of Property Account It will be observed that in the foregoing form of balance sheet the accounts are arranged somewhat differently from those of the two other balance sheets which have already been shown. The property account of one of the prior examples appears here in a more definitely named "Cost of Property" account. While an analysis of the account might perhaps show the assets to be worth less than the amount at which they are carried on the books, the balance sheet is evidently intended to convey the impression that whatever the value of the property, its cost is here stated. Now we naturally turn to the record of depreciation to learn the amount charged off as a provision against the shrinkage of property values, but here we are met with an obscurity. The surplus and the reserve a...
Title:Net Worth and the Balance SheetFormat:PaperbackDimensions:32 pages, 9.69 × 7.44 × 0.07 inPublished:January 11, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217240518

ISBN - 13:9780217240512