OCR Text |
Show construction co3yi jpan y balance sheet october 31 assets cukrent assets cash $ 1,906,605 receivables — construction accounts and retained percentages $ 2,091,091 other 618,543 2,709,634 unbilled costs on work in progress 274,026 inventories — construction materials and supplies $ 848,324 iron ore and coal at cost or net realizable value 142,903 991,227 total current assets $ 5,881,492 investments and other assets capital stocks and receivables of affiliated companies engaged in foreign operations . . capital stocks of affiliated and other domestic companies interest in joint ventures facilities on construction projects less accumulated amortization of 1,000,655 . . prepaid expenses deposits and miscellaneous land held for investment and sale 1 6,865,003 957,587 1,019,728 1,324,771 1,111,282 11,748,297 property plant and equipment classification land accumulated depreciation and buildings mining properties and development costs equipment furniture and fixtures 14,049,565 9,323,297 $ 4,726,268 4,726,268 22,356,057 liabilities current liabilities current installments of term bank loan notes and contracts payable due within one year $ 415,000 accounts payable 1,114,857 accrued payrolls general taxes and other liabilities 646,997 current portion of provision for federal income taxes - 400,000 total current liabilities $ 2,576,854 long-term liabilities 4 term bank loan due in annual installments of 300,000 with balance payable june 16 1957 contract payable due in annual installments of 15,000 noncurrent portion of provision for federal income taxes partially applicable to recorded income from joint ventures not taxable until subsequent years . . stockholders equity capital stock par value 2 per share authorized — 1,000,000 shares issued and outstanding 877,537*4 shares retained earnings 8,244,925 restricted under bank loan agreement . $ 2,100,000 75,000 674,595 2,849,595 $ 1,755,075 15,174,533 16,929,608 22,356,057 the accompanying note is an integral part of this balance sheet 19 |