Bruno company has decided to expand its operations.


Don't use plagiarized sources. Get Your Custom Essay on
Bruno company has decided to expand its operations.
Just from $13/Page
Order Essay

Bruno Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.




DECEMBER 31, 2012


Current assets

Cash $263,610

Accounts receivable (net) 343,610

Inventories (lower-of-average-cost-or-market) 404,610

Equity investments (trading)—at cost (fair value $121,800) 141,800

Property, plant, and equipment

Buildings (net) 571,800

Equipment (net) 161,800

Land held for future use 176,800

Intangible assets

Goodwill 83,610

Cash surrender value of life insurance 93,610

Prepaid expenses 15,610

Current liabilities

Accounts payable 136,800

Notes payable (due next year) 128,610

Pension obligation 83,800

Rent payable 52,610

Premium on bonds payable 56,610

Long-term liabilities

Bonds payable 501,800

Stockholders’ equity

Common stock, $1.00 par, authorized 400,000 shares, issued 293,610 293,610

Additional paid-in capital 183,610

Retained earnings ?



Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $163,610 and for the office equipment, $108,610. The allowance for doubtful accounts has a balance of $20,610. The pension obligation is considered a long-term liability. (List current assets in order of liquidity. List property plant and equipment in order of buildings and equipment.)

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more