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shanefly
Sep 28, 2009, 11:45 AM
Complete the Balance Sheet for Epsico, Inc at December 31, 2004

Net Income for the year ended December 31, 2004 was $26
Dividents paid during the year ended December 31, 2004 was $8
Cash increased $8 during the year ended December 31, 2004
The cost of new equipment acquired during 2004 was $15; no equipment was disposed of.
There were no transactions affecting the land account during 2004, but it is estimated that the fair market value of the land at December 31, 2004 is $42.

Required:
Complete the balance sheet for Epsico Inc at December 31, 2004


Thanks very much.
morgaine300
Sep 28, 2009, 11:03 PM
Please see the guidelines for posting homework problems:
Ask Me Help Desk - Announcements in Forum : Homework Help (http://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

We aren't here just to do your work, so we want to see what you have attempted first. Or ask specifically what you don't understand.

That said, there isn't sufficient info here to even make a balance sheet. I think all you did was give some "additional info" presented in the problem, but didn't present the main part of the problem to begin with.