Page 167 - Plant design and economics for chemical engineers

COST AND ASSET ACCOUNTING 141

ABC PETROLEUM COMPANY
CONSOLIDATED BALANCE SHEET, DECEMBER 31,1989
flssers Liuhilitirs and stocklioldrrs’ equity

Current assets Current liabilities
Cash $ 93.879000 Accounts payable Sl60.307.000
Notes and accounts Long-term debt (due
receivable 219.374000 within one year) 3.5 14.ooo
Inventories: Accrued taxes 58.938.cOO
Crude oil. petroleum Other accruals 20.796.000
products, and Total current
merchandise 152.021.WO liabilities $243.555.000
Materials and Long-term debt $333.738.000
supplies (at cost and Deferred credits
condition value) 25,524,OOO Federal income taxes $ 86.845.ooO
Total current Other 45.579.000
assets S490.798.000 Total deferred
Investments and long- credits $132.424.000
term receivables Reserve for
(at cost) $309.249.000 contingencies s 24.197.000
Properties, plants, and Stockholders’ equity
equipment (al cost) Common stock. $5 par
Production $1.390.688.000 value
Manufacturing 669.915.000 Shares authorized,
Transportation 195.255.000 50.000.000
Marketing 158405,000 Shares issued.
Other 79,823,OOO 34.465.956 $ I72.330.000
$2.524.086.000 Capital in excess of
Less reserves for par value of
depreciation, common stock 264.238.OCN3
depletion, and Earnings employed
amortization 1,315,416,000 in the business 918,165,OOO
Total $1.208.670.000 $1.354,733.OtXl
Prepaid and deferred Less treasury stock
charges S 20,347,OOO (at cost), 1,096,627
TOTAL ASSETS $2.029,064,000 shares 59,583,ooO
Total stock-
holders’ equity $1,295,150,000
TOTAL
LIABILITIES
AND STOCK-
HOLDE’RS
EQUITY $2,029,064,C00

FIGURE 5-2
A consolidated balance sheet.