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Currie Hospital`s Balance Sheet

CurrieHospital’s Balance Sheet

Accountingbalance sheet refers to one of the chief financial statements used bybusiness owners and accountants. It helps a company determine itsfinancial position at the end of a particular date (Eisen, 2007).

CurrieHospital

Balancesheet

December31, 2013

Current assets

Amount in $

Cash &amp cash equivalents

$210,000

Accounts receivable

650,000

Inventory

100,000

Total current assets

960,000

Plant &amp equipment

6,000,000

Accumulated depreciation

200,000

Total plant &amp equipment

5,800,000

Total assets

6,760,000

Liabilities &amp stockholder’s equity

Current liabilities

Accounts payable

130,000

Accrued expenses

100,000

Other liabilities

70,000

Total current liabilities

300,000

Long-term liabilities

5,000,000

Total liabilities

5,300,000

Stockholder’s equity

1,460,000

Total liabilities &amp Stockholder’s equity

6,760,000

Reference

Eisen,P.J. (2007). Accountings.Cambridge: Cambridge University.