Accrual accounting
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June 30 2006) 2005)
Assets
Current assets:
Cash and equivalents $ 6,714) $04,851)
Short-term investments (including securities pledged as collateral of $3,065 and $-) 27,447) 32,900)
Total cash and short-term investments 34,161) 37,751)
Accounts receivable, net of allowance for doubtful accounts of $142 and $171 9,316) 7,180)
Inventories, net 1,478) 491)
Deferred income taxes 1,940) 1,701)
Other 2,115) 1,614)
Total current assets 49,010) 48,737)
Property and equipment, net 3,044) 2,346)
Equity and other investments 9,232) 11,004)
Goodwill 3,866) 3,309)
Intangible assets, net 539) 499)
Deferred income taxes 2,611) 3,621)
Other long-term assets 1,295) 1,299)
Total assets $69,597) $70,815)
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 2,909) $02,086)
Accrued compensation 1,938) 1,662)
Income taxes 1,557) 2,020)
Short-term unearned revenue 9,138) 7,502)
Securities lending payable 3,117) -)
Other 3,783) 3,607)
Total current liabilities 22,442) 16,877)
Long-term unearned revenue 1,764) 1,665)
Other long-term liabilities 5,287) 4,158)
Commitments and contingencies
Stockholders' equity:
Common stock and paid-in capital - shares authorized 24,000;
outstanding 10,062 and 10,710 59,005) 60,413)
Retained earnings (deficit), including accumulated other comprehensive
income of $1,119 and $1,426 (18,901) (12,298)
Total stockholders' equity 40,104) 48,115)
Total liabilities and stockholders' equity $69,597) $70,815)
See accompanying notes.
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Solution Summary
The solution indicates the accounts affected by accruals using the data given in the question
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Accruals are the amounts owed to or owed by the company. The following accounts ...
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