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Principles of Accounting: Smith Company, Research Paper Example

Pages: 1

Words: 109

Research Paper

After several months of highs and lows, Smith Company has managed to come out on top. The business has received more than $600,000 in revenue, and paid out just under half of its shares for liabilities.

Smith Company has maintained a common stock value of $10,000 and managed to retain more than $400,000 in revenue. Even with these successes, the company has experienced its share of debt. Long-term expenses totaled $145,000, while other recurring liabilities such as utilities and marketing created $165,000 worth of debt.

Still in all, Smith Company was more than capable of paying its bills this fiscal year. The corporation even had money left over for future savings.

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