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Condensed financial data of Teal Company for 2025 and 2024 are presented below. Teal
Company Comparative Balance Sheet As of December 31, 2025 and 2024 Accounts payable
Accrued liabilities Bonds payable Common stock begin{tabular}{rrr} $1,220 & $920 190 & 240
1,370 & 1,570 1,930 & 1,730 2,390 & & 1,760 & & $6,220 hline end{tabular}Additional information:
Juring the year, $70 of common stock was issued in exchange for plant assets. No plant assets
were sold in 2025.TEAL COMPANY STATEMENT OF CASH FLOWS (Indirect Method) $
Adjustments to reconcile net income to $

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Condensed financial data of Teal Company for 2025 and 2024 a.pdf

  • 1. Condensed financial data of Teal Company for 2025 and 2024 are presented below. Teal Company Comparative Balance Sheet As of December 31, 2025 and 2024 Accounts payable Accrued liabilities Bonds payable Common stock begin{tabular}{rrr} $1,220 & $920 190 & 240 1,370 & 1,570 1,930 & 1,730 2,390 & & 1,760 & & $6,220 hline end{tabular}Additional information: Juring the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025.TEAL COMPANY STATEMENT OF CASH FLOWS (Indirect Method) $ Adjustments to reconcile net income to $