* Problem E5-1B:

Kingston, Inc., manufactures, markets, and distributes fishing gear.

Balance Sheet Statement
At : 31 / 12 / 20 15
Dollars in Millions
Assets Liabilities
Current or Short Term Assets: Current or Short Term Liabilities:
Cash and cash equivalents 807 Accounts payable 35,939
Accounts receivable, net 84,406 Accrued compensation 26,312
Inventories 43,112 Other payables and accrued liabilities 32,318
Prepaid expenses 12,933 Short-term debt 10,000
Other current assets 12,778 Total Current Liabilities 104,569
Total Current Assets 154,036 Non Current or Long Term Liabilities:
Long-term debt 101,000
Other long-term liabilities 58,070
Non Current or Long Term Assets: Total Non Current Assets 159,070
Property, plant, and equipment, net 236,085 Stockholders' Equity
Goodwill 90,110 Common stock, 28,947,222 shares outstanding 46,268
Other assets (noncurrent) 14,949 Additional paid-in capital 49,138
Other intangible assets, net 33,966 Retained earnings 170,101
Total Non Current Assets 375,110 Total Stockholders' Equity 265,507
Total Assets 529,146 Total Liabilities 529,146
Accounts receivable, net Accounts receivable minus AFDA (Allowance For Doubtful Accounts)
Property, plant, and equipment, net Property, plant, and equipment initial cost minus accumulated depreciation
Other intangible assets, net Other intangible assets cost minus accumulated amortization
Prepared By : Nashwa Mohamed Saad