财务会计第二章.pptVIP

Comparative Balance SheetDecember 31, 2006 and 2005 Assets Current assets $ 550,000 $ 533,000 Long-term investments 95,000 177,500 Plant assets (net) 444,500 470,000 Intangible assets 50,000 50,000 $1,139,500 $1,230,500 Comparative Income Statement2006 and 2005 Sales $1,530,500 $1,234,000 Sales returns 32,500 34,000 Net sales $1,498,000 $1,200,000 Cost of goods sold 1,043,000 820,000 Gross profit $ 455,000 $ 380,000 Dec. 31 NetSolutions paid its $310 telephone bill for the month. 3 Dec. 31 NetSolutions paid $225 for electric usage for the month. 3 D