Statement of Financial Position

Relax Company provided the following information for the purpose of presenting the statement of financial position on December 31 2014:
Cash 400 000
Accounts receivable 500 000
allowance for doubtful accounts 50 000
inventories 1 000 000
land 500 000
building 5 000 000
accumulated depreciation-building 2 000 000
machinery 3 000 000
accumulated depreciation-machinery 1 200 000
equipment 400 000
accumulated depreciation-equipment 100 000
investment in associate 1 300 000
prepaid expenses 100 000
notes payable 750 000
accounts payable 350 000
income tax payable 50 000
accrued expenses 60 000
mortgage note payable in quarterly installments of 100 000 2 000 000
estimated liability for damages 140 000
retained earnings appropriated for plant expansion 1 000 000
retained earnings appropriated for contingencies 100 000
share capital 3 000 000
share premium 300 000
retained earnings unappropriated 1 250 000
trademark 150 000
secret processes and formulas 200 000
bank loan payable – due June 30, 2016 500 000
prepare in good form a properly classified statement of financial position on December 31, 2014 with supporting notes and computations.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Use the discount code "OFFNOW" today and get a 20% offOrder Now