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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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