Baron Coberg Case
Autor: indiangazza • October 24, 2013 • Case Study • 300 Words (2 Pages) • 900 Views
Financial Statement 4 : Closing Balance Sheet
Baron Coburg Company Baron Coburg Company
Farm worked by Ivan Farm worked by Frederick
Balance Sheet Balance Sheet
At end of Growing Season 31st Dec 2013 At end of Growing Season 31st Dec 2013
(amt. in Bushels of Wheat) (amt. in Bushels of Wheat)
Assets Assets
Current Assets Current Assets
Bushels of Wheat 223 223 Bushels of Wheat 105
Seed 0 0 Seed 0
Fertilizer 0 0 Fertilizer 0
Total Current Asset 223 Total Current Asset 105
Plant, Property & Equipment Plant, Property & Equipment
Land (20 acres) 100 Land (10 acres) 50
Equipment (OX) 40 Equipment (OX) 40
Less Accumulated Depreciation for OX (-4) Less Accumulated Depreciation for OX (-4)
Plough 3 Plough 3
Less Loss on Plough (-3) Less Accumulated Depreciation for Plough (-1)
Total Property, Plant & Equipment 136 Total Property, Plant & Equipment 88
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