Museado / NARA Collection slc — Collection slc
Recent Folios
Login Register
English (inglés) español magyar (húngaro)

Survos folio page chat

Report, May 15, 1947

Ask the Scholar

Page 2 of 5
I can add historical knowledge about this page.

Page image

Page 2

OCR

UNITED STATES RAD BALANCE As of Decemb ASSETS Current Assets : Cash in banks and on hand $218,630 United States Government obligations (principally Treasury Savings Notes) - at cost and accrued interest (quoted market value $148,412) 148,408 Accounts receivable : Customers $ 78,116 Miscellaneous 3,208 81,324 Less Reserve 4,000 77,324 Inventories-at lower of cost or market 111,290 Total Current Assets 555,652 Investment in and Advances to Weksler Thermometer Corporation (a nonconsoli- dated subsidiary) : Capital stock (Note 2) 12,680 Advances 31,952 44,632 Prepaid Expenses 7,951 Property, Plant and Equipment : Plant leased to others 14,303 Less Reserve for depreciation 3,956 10,347 Laboratory and mechanical equipment, including small tools and jigs $114,582 Automobiles 909 Office furniture and fixtures 14,340 129,831 Less Reserve for depreciation 71,162 58,669 69,016 Deferred Charges : Leasehold improvements, etc., less amortization 6,159 Patent expenses, less amortization 816 6,975 Goodwill-at record amount 1 $684,227 NOTES TO BALANCE SHEET (1) As a result of renegotiation proceedings pursuant to the Renegotiation Act, the Under-Secretary of War, upon the findings of the Price Adjustment Board, made unilateral determinations in respect of the years ended December 31, 1942, 1943 and 1944, demanding gross refunds of $460,000, $529,111 and $529,581 after adjustment for state taxes, or net refunds of $91,614, $104,596 and $105,760 after applicable Federal taxes on income for the respective years which amounts have been paid. The company has filed appeals with the Tax Court of the United States to recover these amounts plus the related reduction in postwar refunds of excess profits taxes resulting from the foregoing demands. A demand has been made by the Price Adjustment Board in respect to the year 1945 involving a gross refund of $83,793 or a net refund after applicable taxes of $23,462. Provision has been made in the accounts for the net refund demanded by the Price Adjustment Board. (2) The investment in capital stock of Weksler Thermometer Corporation represents 63% of the outstanding 6% cumulative preferred stock and 80% of the outstanding common stock of that corporation. Based on the audited balance sheet of Weksler Thermometer Corporation at December 31, 1946, the equity in the net assets applicable to the stockholdings of United States Radium Corporation was substantially in excess of the amount of the investment.

Page data

Page
2
Source index
0
Type
photo
Media ID
ae832f49abb86482
Size
unknown

Document data

ID
75730231
Core
doc
Type
document
DTO data 
{
    "id": "75730231",
    "sourceUrl": "https://catalog.archives.gov/id/75730231",
    "contentType": "document",
    "title": "Report, May 15, 1947",
    "citationUrl": "https://catalog.archives.gov/id/75730231",
    "collections": [
        "Safety Light Collection",
        "Records Related to Radium Dial Painters"
    ],
    "iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "imageCount": 5,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}

Context sent to Scholar

Document identity 
{
    "localId": "75730231",
    "label": "Report, May 15, 1947",
    "core": "doc",
    "dtoType": "document",
    "citationUrl": "https://catalog.archives.gov/id/75730231"
}
Document source metadata 
{
    "id": "75730231",
    "sourceUrl": "https://catalog.archives.gov/id/75730231",
    "contentType": "document",
    "title": "Report, May 15, 1947",
    "citationUrl": "https://catalog.archives.gov/id/75730231",
    "collections": [
        "Safety Light Collection",
        "Records Related to Radium Dial Painters"
    ],
    "iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_1.jpg",
    "imageCount": 5,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}
Document source extras 
{
    "url": "https://catalog.archives.gov/id/75730231",
    "naId": 75730231,
    "levelOfDescription": "fileUnit",
    "recordType": "description",
    "ocrSource": "nara-archive"
}
Page context 
{
    "seq": 2,
    "pageIndex": 0,
    "type": "photo",
    "url": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003556_Page_2.jpg",
    "mediaId": "ae832f49abb86482",
    "ocrText": "UNITED STATES RAD\nBALANCE\nAs of Decemb\nASSETS\nCurrent Assets :\nCash in banks and on hand\n$218,630\nUnited States Government obligations (principally Treasury Savings Notes) - at cost and\naccrued interest (quoted market value $148,412)\n148,408\nAccounts receivable :\nCustomers\n$ 78,116\nMiscellaneous\n3,208\n81,324\nLess Reserve\n4,000\n77,324\nInventories-at lower of cost or market\n111,290\nTotal Current Assets\n555,652\nInvestment in and Advances to Weksler Thermometer Corporation (a nonconsoli-\ndated subsidiary) :\nCapital stock (Note 2)\n12,680\nAdvances\n31,952\n44,632\nPrepaid Expenses\n7,951\nProperty, Plant and Equipment :\nPlant leased to others\n14,303\nLess Reserve for depreciation\n3,956\n10,347\nLaboratory and mechanical equipment, including small tools and jigs\n$114,582\nAutomobiles\n909\nOffice furniture and fixtures\n14,340\n129,831\nLess Reserve for depreciation\n71,162\n58,669\n69,016\nDeferred Charges :\nLeasehold improvements, etc., less amortization\n6,159\nPatent expenses, less amortization\n816\n6,975\nGoodwill-at record amount\n1\n$684,227\nNOTES TO BALANCE SHEET\n(1) As a result of renegotiation proceedings pursuant to the Renegotiation Act, the Under-Secretary of War, upon the\nfindings of the Price Adjustment Board, made unilateral determinations in respect of the years ended December 31,\n1942, 1943 and 1944, demanding gross refunds of $460,000, $529,111 and $529,581 after adjustment for state taxes, or\nnet refunds of $91,614, $104,596 and $105,760 after applicable Federal taxes on income for the respective years which\namounts have been paid. The company has filed appeals with the Tax Court of the United States to recover these\namounts plus the related reduction in postwar refunds of excess profits taxes resulting from the foregoing demands.\nA demand has been made by the Price Adjustment Board in respect to the year 1945 involving a gross refund of\n$83,793 or a net refund after applicable taxes of $23,462. Provision has been made in the accounts for the net refund\ndemanded by the Price Adjustment Board.\n(2) The investment in capital stock of Weksler Thermometer Corporation represents 63% of the outstanding 6%\ncumulative preferred stock and 80% of the outstanding common stock of that corporation. Based on the audited\nbalance sheet of Weksler Thermometer Corporation at December 31, 1946, the equity in the net assets applicable to\nthe stockholdings of United States Radium Corporation was substantially in excess of the amount of the investment."
}