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Financial Statement Condensed

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Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · May 14, 1914

FromReview and Herald, Vol. 91, No. 20.

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Financial Statement Condensed

Dec. 31, 1913

Assets

Cash on hand and in banks . . . . . . . . . . . . . . . . . . . $ 7,030.04
Manufactured stock, raw materials, and supplies . . . 95,773.32
Book plates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,315.92
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . 29,878.47
Real estate, buildings, and equipment . . . . . . . . . . . . . 132,186.69
Total assets — home office . . . . . . . . . . . . . . . . . . . . . . . . . $297,184.44

Branch Offices

New York Branch . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,716.46
Western Branch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,550.14
Total investment in branches . . . . . . . . . . . . . . . . . . . . . . . . 37,266.60
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $334,451.04

Liabilities

Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,699.03
Bills payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,891.32
Accrued interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,244.44
Reserve for depreciation on plates . . . . . . . . . . . . . . . . . . 2,060.71
Reserve for bad accounts ($10 a month) . . . . . . . . . . . . . 10.02
Reserve for sickness and emergency . . . . . . . . . . . . . . . . 835.10
Reserve for unexpired subscriptions . . . . . . . . . . . . . . . . 17,180.06
Reserve for book dept. stock (10 per cent of inventory) . . 6,303.95
Reserve for taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,670.15
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $162,894.78

Capital

Present worth Dec. 31, 1912 . . . . . . . . . . . . . . . . . . . . . $134,846.86
Donations and profits . . . . . . . . . . . . . . . . . . . . . . . . . . 18,342.78
Battle Creek invest. and equity in Takoma Park church . . 18,366.62
Present worth Dec. 31, 1913 . . . . . . . . . . . . . . . . . . . . . . . . 171,556.26
$334,451.04