Credit Evaluation School, Sacramento, CA

FINANCIAL EXHIBITS

12-31-x9 ABC Corporation (CPAAudited) Cash 100 AP

300 GP 4,000 200 COGS 3,000 500 NP 1,000 1,000 Op Exp 500

AR

1,000 CPLTD

Inventory 90 CL

CA FA NR TA RE

1,190 LTD 1,700 TL

2,000 NI

500

290 Capital 3,180 Surplus 980 Op Exp

100 Taxes 190 100 NIAT 310

NW 1,180 includes TL & NW 3,180 50 M in depreciation

FINANCIAL EXHIBITS Note Abbreviations: (CHECK INSIDE OF REPORT COVER) BALANCE SHEET AR - Accounts Receivable AP - Accounts Payable CA - Current Assets CPLTD - Current Portion of Long-Term Debt FA - Fixed Assets CL - Current Liabilities NR - Notes Receivable LTD - Long-term debt CSVLI-Cash surrender TL - Total Liabilities value life insurance UP/RE- Undivided Profits NW - Net Worth INCOME STATEMENT GP - Gross Profit COGS - Cost of Goods Sold NP – Net Profit NI - Net Income NIAT - Net Income After Taxes