【正文】 n v e s t m e n t i n U C I n c . 2 5 3 , 9 8 0 N o t e s r e c e i v a b l e 1 5 0 , 0 0 0 L a n d h e l d f o r s p e c u l a t i o n 5 5 0 , 0 0 0 S i n k i n g f u n d 2 2 5 , 0 0 0 P e n s i o n f u n d 6 5 3 , 7 9 8 C a s h s u r r e n d e r v a l u e 8 4 , 3 2 1 I n v e s t m e n t i n U n c o n . S u b . 4 5 7 , 8 3 6 T o t a l i n v e s t m e n t s 2 , 6 9 6 , 5 9 2 P r o p e r t y , P l a n t , a n d E q u i p .B u i l d i n g 1 , 3 7 5 , 7 7 8 L a n d 9 7 5 , 0 0 0 Balance Sheet – ―Noncurrent Assets‖ B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ Fixed Assets ? Land held for speculation LO 2 526 LongTerm Investments I n v e s t m e n t s :I n v e s m e n t i n A B C b o n d s 3 2 1 , 6 5 7 I n v e s t m e n t i n U C I n c . 2 5 3 , 9 8 0 N o t e s r e c e i v a b l e 1 5 0 , 0 0 0 L a n d h e l d f o r s p e c u l a t i o n 5 5 0 , 0 0 0 S i n k i n g f u n d 2 2 5 , 0 0 0 P e n s i o n f u n d 6 5 3 , 7 9 8 C a s h s u r r e n d e r v a l u e 8 4 , 3 2 1 I n v e s t m e n t i n U n c o n . S u b . 4 5 7 , 8 3 6 T o t a l i n v e s t m e n t s 2 , 6 9 6 , 5 9 2 P r o p e r t y , P l a n t , a n d E q u i p .B u i l d i n g 1 , 3 7 5 , 7 7 8 L a n d 9 7 5 , 0 0 0 Balance Sheet – ―Noncurrent Assets‖ B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ Special Funds ? Sinking fund ? Pensions fund ? Cash surrender value of life insurance LO 2 527 LongTerm Investments I n v e s t m e n t s :I n v e s m e n t i n A B C b o n d s 3 2 1 , 6 5 7 I n v e s t m e n t i n U C I n c . 2 5 3 , 9 8 0 N o t e s r e c e i v a b l e 1 5 0 , 0 0 0 L a n d h e l d f o r s p e c u l a t i o n 5 5 0 , 0 0 0 S i n k i n g f u n d 2 2 5 , 0 0 0 P e n s i o n f u n d 6 5 3 , 7 9 8 C a s h s u r r e n d e r v a l u e 8 4 , 3 2 1 I n v e s t m e n t i n U n c o n . S u b . 4 5 7 , 8 3 6 T o t a l i n v e s t m e n t s 2 , 6 9 6 , 5 9 2 P r o p e r t y , P l a n t , a n d E q u i p .B u i l d i n g 1 , 3 7 5 , 7 7 8 L a n d 9 7 5 , 0 0 0 Balance Sheet – ―Noncurrent Assets‖ B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ Nonconsolidated Subsidiaries or Affiliated Companies LO 2 528 LongTerm Investments Illustration 510 Balance Sheet Presentation of LongTerm Investments LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 529 Tangible longlived assets used in the regular operations of the business. ? Physical property such as land, buildings, machinery, furniture, tools, and wasting resources (minerals). ? With the exception of land, a pany either depreciates (., buildings) or depletes (., oil reserves) these assets. Property, Plant, and Equipment LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 530 LO 2 Identify the major classifications of the balance sheet. Property, Plant, and Equipment T o t a l i n v e s t m e n t s 2 , 6 9 6 , 5 9 2 P r o p e r t y , P l a n t , a n d E q u i p .B u i l d i n g 1 , 3 7 5 , 7 7 8 L a n d 9 7 5 , 0 0 0 M a c h i n e r y a n d e q u i p m e n t 2 3 4 , 9 5 8 C a p i t a l l e a s e s 3 8 4 , 6 5 0 L e a s e h o l d i m p r o v e m e n t s 1 7 5 , 0 0 0 A c c u m u l a t e d d e p r e c i a t i o n ( 9 7 5 , 0 0 0 ) T o t a l P P amp。 E 2 , 1 7 0 , 3 8 6 I n t a n g i b l e sG o o d w i l l 3 , 0 0 0 , 0 0 0 P a t e n t s 1 7 7 , 0 0 0 T r a d e m a r k s 4 0 , 0 0 0 Balance Sheet – ―Noncurrent Assets‖ Tangible assets used in the regular operations of the business. B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ 531 Illustration 511 Balance Sheet Presentation of Property, Plant, and Equipment LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 532 T o t a l P P amp。 Goodwill $50,000。 Franchises $47,000。 Trademarks $10,000. Prepare the intangible assets section of the balance sheet. Intangibles Goodwill $ 50,000 Franchises 47,000 Patents 33,000 Trademarks 10,000 Total $140,000 LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 534 Intangible Assets Illustration 512 Balance Sheet Presentation of Intangible Assets LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 535 Items vary in practice. Can include: ? Longterm prepaid expenses ? Noncurrent receivables ? Assets in special funds ? Property held for sale ? Restricted cash or securities Other Assets LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 536 T o t a l P P amp。 e q u i t yLO 2 Identify the major classifications of the balance sheet. 538 Current Liabilities Illustration 513 Balance Sheet Presentation of Current Liabilities LO 2 Identify the major classifications of the balance sheet. Classification in the Balance Sheet 539 “Obligations that a pany does not reasonably expect to liquidate within the normal operating cycle.” All covenants and restrictions must be disclosed. LongTerm Liabilities B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t l i a b i l i t i e sN o t e s p a y a b l e 2 3 3 , 4 5 0$ A c c o u n t s p a y a b l e 1 3 1 , 8 0 0 A c c r u e d c o m p e n s a t i o n 4 3 , 0 0 0 U n e a r n e d r e