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Bell, Florence C. (Florence Colfax), 1899- / Farmer co-ops in Wisconsin
([1941])

Wisconsin co-op balance sheet,   p. 53 PDF (220.2 KB)


Page 53


                  Wisconsin Co-op Balance Sheet 1
                ASSETS (What the Co-ops Own or What is Due Them)
Cash .............................................................. .$1,
923,000
Receivables (money owed the co-ops for commodities sold but for which they
have not yet been paid) ............................................... 
2, 999, 000
Inventory (commodities on hand ready for sale or in the process of preparation
and manufacture) .   ...................................................
 2,610, 000
Fixed assets (land, buildings, machinery, trucks, and equipment used in the
co-ops' business) .............   .......................................
 9, 776, 000
Other assets (investments in stock of bank for cooperatives, memberships
in
exchanges, and other items owned) ..................................... 
1, 393, 000
     Total assets (total of what the co-ops own and what is due them) ......
18, 701, 000
                     LIABILITIES (What the Co-ops Owe Others)
Accounts payable (due members or others for commodities, supplies, or services
furnished to the co-ops) ...............................................
$1, 498, 000
Short-term notes payable (amounts the co-ops owe to banks and others for
money
borrowed) ..........................................................    670,000
Accrued liabilities (taxes, interest, pay rolls, etc., which have accrued
but have
not been paid) .......................................................  310,
000
Other current liabilities .................................................
 1, 904, 000
Fixed liabilities (mortgages and other long-term debts incurred) ..... .........
 2, 314, 000
     Total liabilities (total amount owed by the co-ops) ...................
 6, 696, 000
NET WORTH (The Members' Equity in Their Associations (Equal to Difference
Between
                     What the Co-ops Owe and What They Own) )
Represented by:
   Common and preferred stock (par value of certificates of stock held by
the
     members and representing their investment in the capital of the co-ops)..
   Capital certificates (face value of certificates held by members, representing
55,292, 000
     their contributions to the capital of the co-ops) ......................
 509, 000
   Book credits (amounts credited members on books of the co-ops for their
     contributions to capital) ...........................................
 233,000
   Reserves (amounts set up out of earnings of the co-ops or deductions from
            members to meet emergencies) ...............................
    433, 000
   Surplus (balance of earnings of the co-ops after deducting losses, reserves,
and
     distributions to stockholders and patrons) ...... .....................
 5,478,000
   Other net worth (such as current earnings which are available for distribution
     to patrons, payment of dividends, transfer to reserves, etc.) ............
 60, 000
     Total net worth of investment of members ..........................
 12, 005, 000
     Total liabilities and net worth .....................................
 18, 701, 000
 I Figure from the 1936-S37 survey of farmer co-ops. conducted by the St.
Paul Bank for Cooperatives and the Coliep
4 &griculture of the University of Wisconsin.
- 53-


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