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Financial Statement Presentation
Olin Corp. reported the following amounts for the year just ended:
Land $90
Trademarks 16
Equipment 83
Buildings 110
Goodwill 32
Accumulated amortization 10
Accumulated depreciation 55
Prepare a partial balance sheet for these amounts.
Property, Plant and Equipment (net) Goodwill Intangible Assets

Respuesta :

The partial balance sheet for Olin corp is shown below:

A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a firm is provided by balance sheets.

The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data.

Partial Balance Sheet:

Equipment $83

Buildings $110

Less: Accumulated depreciation -$55 = 193 - 55 = $138

Trademarks $16

Goodwill $32

Less: accumulated amortization: -$10 = $48 - $10 = $38

Land $90

Total Assets = $266

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