nellyspio
Dec 7, 2010, 06:32 AM
] Prepare a 2009 balance sheet for Bertinelli Corp. based on the following information: cash = $195,000; patents and copy-rights = $780,000; accounts payable = $405,000; accounts receivable = $137,000; tangible net fixed assets = $2,800,000; inventory = $264,000; notes payable = $160,000; accumulated retained earnings = $1,934,000; long-term debt = $1,195,300.
Just Looking
Dec 7, 2010, 08:34 AM
Something is wrong here. The numbers won't balance with just this info. Did they say anything about net income? How did you get these numbers?
nellyspio
Dec 7, 2010, 08:48 AM
Exactly the teacher, just gave us this question, with no explanation, I don't get either it is in my book .
Just Looking
Dec 7, 2010, 08:50 AM
Well, if that's all you have to go on, I'd have to assume the difference is the current year's net income.