Beginning Balance Sheet Beginning Balance Sheet For year beginning January, 2001 Sample Clauses

Beginning Balance Sheet Beginning Balance Sheet For year beginning January, 2001. Assets: Current assets: Cash 150,000 Inventory 2,500 Total current assets 152,500 Property, plant and equipment (net) 43,000 Total assets 195,500 Liabilities: Current liabilities: Accounts payable (inventory) 2,500 Total current liabilities 2,500 Total liabilities 2,500 Equity: Contributed cash 175,000 Assets transferred in 18,000 Total equity 193,000 Total liabilities and equity 195,500 Debt-to-equity ratio 0.01 Cash - The remaining balance after the $175,000 equity investment and the purchase of $25,000 of computer and office furniture. The company has set its minimum cash balance at $5,000. Property, Plant & Equipment (net) - The $18,000 of equipment the company already has in its possession, plus the new computer and office furniture purchase of $25,000. Accounts Payable (inventory) - The company requires 10 days of inventory on-hand at all times. The amount of $2,500 is one-third of the first month's cost of goods (3 units at $10,000 with cost of goods of $2,500 per unit). Contributed Cash - The amount of the equity investment.
Sample 1
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Related to Beginning Balance Sheet Beginning Balance Sheet For year beginning January, 2001

  • Beginning Date Both parties agree that negotiations for a new contract shall commence no later than 30 days after ratification of the current collective bargaining agreement in a good faith effort to reach a contract. The Association agrees to give the Board notice of intent to negotiate a contract a minimum of sixty (60) days prior to the expiration of the contract in force at the time and also notify Public Employees Relations Commission in writing of this intent.

  • Required Beginning Date The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date.

  • Compensation for Holidays Falling on Scheduled Days Off 1. When a holiday falls on a full-time employee's regularly scheduled day off, the employee shall receive eight (8) hours of compensatory time.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Starting Date Unless a specific (fixed) starting date is duly justified and agreed upon during the preparation of the Grant Agreement, the project will start on the first day of the month following the entry info force of the Grant Agreement (NB : entry into force = signature by the Commission). Please note that if a fixed starting date is used, you will be required to provide a detailed justification on a separate note.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Accounting Period The Company’s accounting period shall be the calendar year.

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).

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