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UNITED STATES RAI
Balanci
AS OF DECEM
WITH COMPARATIVE FIGUF
ASSETS
DECEMBER 31
1948
1947
CURRENT ASSETS:
Cash in banks and on hand
$ 119,915
$ 237,435
United States Government obligations - at cost and accrued
interest (quoted market value - 1948, $19,214; 1947,
$147,436)
19,214
147,442
Accounts receivable:
Customers
129,842
167,717
Miscellaneous
6,597
4,137
136,439
171,854
Less Reserve
29,000
4,000
107,439
167,854
Inventories - at lower of cost or market
130,765
157,184
Total Current Assets
377,333
709,915
Prepaid Expenses
5,165
8,085
Claim for Refund of Federal Income Taxes
24,712
24,712
Machinery (not used in operations) held for resale
4,872
9,329
Notes Receivable from Employees
7,000
-
Investment in and Advances to Weksler Thermometer Corporation
(Note 1) :
Capital stock
53,180
53,180
Advances
111
376
53,291
53,556
PROPERTY, PLANT AND EQUIPMENT:
Land
6,750
6,750
Building and building equipment
329,971
130,405
Laboratory and mechanical equipment, including small tools
and jigs
203,895
165,997
Automobiles
1,500
2,409
Office furniture and fixtures
15,145
14,834
557,261
320,395
Less Reserve for depreciation
113,056
87,680
444,205
232,715
Real estate leased to others (Note 2)
14,303
14,303
Less Reserve for depreciation
5,067
4,512
9,236
9,791
453,441
242,506
DEFERRED CHARGES:
Leasehold improvements, etc., less amortization
12,726
2,151
Patent expenses, less amortization
668
742
13,394
2,893
Goodwill - at record amount
1
1
$ 939,209
$1,050,997
See accompanying notes to financial statements.
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"ocrText": "UNITED STATES RAI\nBalanci\nAS OF DECEM\nWITH COMPARATIVE FIGUF\nASSETS\nDECEMBER 31\n1948\n1947\nCURRENT ASSETS:\nCash in banks and on hand\n$ 119,915\n$ 237,435\nUnited States Government obligations - at cost and accrued\ninterest (quoted market value - 1948, $19,214; 1947,\n$147,436)\n19,214\n147,442\nAccounts receivable:\nCustomers\n129,842\n167,717\nMiscellaneous\n6,597\n4,137\n136,439\n171,854\nLess Reserve\n29,000\n4,000\n107,439\n167,854\nInventories - at lower of cost or market\n130,765\n157,184\nTotal Current Assets\n377,333\n709,915\nPrepaid Expenses\n5,165\n8,085\nClaim for Refund of Federal Income Taxes\n24,712\n24,712\nMachinery (not used in operations) held for resale\n4,872\n9,329\nNotes Receivable from Employees\n7,000\n-\nInvestment in and Advances to Weksler Thermometer Corporation\n(Note 1) :\nCapital stock\n53,180\n53,180\nAdvances\n111\n376\n53,291\n53,556\nPROPERTY, PLANT AND EQUIPMENT:\nLand\n6,750\n6,750\nBuilding and building equipment\n329,971\n130,405\nLaboratory and mechanical equipment, including small tools\nand jigs\n203,895\n165,997\nAutomobiles\n1,500\n2,409\nOffice furniture and fixtures\n15,145\n14,834\n557,261\n320,395\nLess Reserve for depreciation\n113,056\n87,680\n444,205\n232,715\nReal estate leased to others (Note 2)\n14,303\n14,303\nLess Reserve for depreciation\n5,067\n4,512\n9,236\n9,791\n453,441\n242,506\nDEFERRED CHARGES:\nLeasehold improvements, etc., less amortization\n12,726\n2,151\nPatent expenses, less amortization\n668\n742\n13,394\n2,893\nGoodwill - at record amount\n1\n1\n$ 939,209\n$1,050,997\nSee accompanying notes to financial statements."
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