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Financial Statement Condensed

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Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · Mar 18, 1915

FromReview and Herald, Vol. 92, No. 14.

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Financial Statement Condensed

Dec. 31, 1914

Assets

Cash on hand and in bank ........................................ $11,098.87 Accounts receivable ................................................ 34,744.66 Real estate, buildings, and plant ................................. 130,528.58 Investment in book plates .......................................... 30,162.50 Manufactured stock, raw materials, etc. ............................ 110,416.48
Total assets—home office ......................................... $316,951.09

Branch Offices

Western Branch .................................................... $17,514.98 New York Branch ..................................................... 16,278.17 Total investment in branches ....................................... 33,793.15
Total assets ....................................................... $350,744.24

Liabilities

Notes payable ...................................................... $99,511.32 Accounts payable ..................................................... 8,431.28 Accrued interest unpaid ............................................. 1,873.85 Reserve for sickness and emergency fund ............................. 672.79 Reserve for bad accounts ............................................ 84.52 Reserve for unexpired subscriptions ................................ 19,753.68 Reserve for book dept. stock (12½% of inventory) .................... 10,441.49 Reserve for royalties ................................................ 105.83 Reserve for signatures ............................................... 1,571.74 Reserve for taxes .................................................... 692.99 Reserve for tithe .................................................... 3,229.25
Total liabilities ................................................... $146,368.74

Capital

Present worth Dec. 31, 1913 ........................................ $171,556.26 Profits for 1914 ..................................................... 29,063.20 Donations received during 1914 ...................................... 267.29 Final settlement Battle Creek investment ............................. 3,488.75 Present worth Dec. 31, 1914 ......................................... 204,375.50
$350,744.24