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Report, December 31, 1948

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IUM CORPORATION Sheet BER 31, 1948 ES AT DECEMBER 31, 1947 LIABILITIES DECEMBER 31 1948 1947 CURRENT LIABILITIES: Note payable to bank - Payments due within one year $ 28,571 $ - Accounts payable 43,208 54,144 Taxes withheld from salaries and wages 5,006 11,803 Accrued expenses: Taxes, other than federal income taxes 11,461 13,280 Other 13,083 22,583 24,544 35,863 Provision for Federal income taxes 32,552 121,375 Total Current Liabilities 133,881 223,185 Note Payable to Bank - due 1949-1955 (Note 4) 200,000 200,000 Less Payments due within one year - included in current liabilities 28,571 - 171,429 200,000 CAPITAL STOCK AND SURPLUS: Capital Stock: $7 Cumulative First Preferred Stock (redeemable at option of corporation or on dissolution at $100 per share) Authorized and issued, 1,000 shares, par value $100 per share 100,000 100,000 Less Purchased and held in treasury, 129 shares 12,900 12,900 87,100 87,100 Common, Class "A": Authorized, 64,000 shares, par value $2 per share. Issued, 59,600 shares 119,200 119,200 Less Purchased and held in treasury, 380 shares 760 760 118,440 118,440 TOTAL CAPITAL STOCK 205,540 205,540 Surplus (restricted in the amount of $13,660 pending retire- ment of treasury stock): Capital surplus 91,585 91,585 Earned surplus 336,774 330,687 Total Surplus 428,359 422,272 Total Capital Stock and Surplus 633,899 627,812 $ 939,209 $1,050,997

Page data

Page
5
Source index
0
Type
photo
Media ID
55749e604f8e6b03
Size
unknown

Document data

ID
75730513
Core
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Type
document
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Context sent to Scholar

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Page context 
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    "ocrText": "IUM CORPORATION\nSheet\nBER 31, 1948\nES AT DECEMBER 31, 1947\nLIABILITIES\nDECEMBER 31\n1948\n1947\nCURRENT LIABILITIES:\nNote payable to bank - Payments due within one year\n$\n28,571\n$\n-\nAccounts payable\n43,208\n54,144\nTaxes withheld from salaries and wages\n5,006\n11,803\nAccrued expenses:\nTaxes, other than federal income taxes\n11,461\n13,280\nOther\n13,083\n22,583\n24,544\n35,863\nProvision for Federal income taxes\n32,552\n121,375\nTotal Current Liabilities\n133,881\n223,185\nNote Payable to Bank - due 1949-1955 (Note 4)\n200,000\n200,000\nLess Payments due within one year - included in current\nliabilities\n28,571\n-\n171,429\n200,000\nCAPITAL STOCK AND SURPLUS:\nCapital Stock:\n$7 Cumulative First Preferred Stock (redeemable at\noption of corporation or on dissolution at $100\nper share)\nAuthorized and issued, 1,000 shares, par value\n$100 per share\n100,000\n100,000\nLess Purchased and held in treasury, 129 shares\n12,900\n12,900\n87,100\n87,100\nCommon, Class \"A\":\nAuthorized, 64,000 shares, par value $2 per share.\nIssued, 59,600 shares\n119,200\n119,200\nLess Purchased and held in treasury, 380 shares\n760\n760\n118,440\n118,440\nTOTAL CAPITAL STOCK\n205,540\n205,540\nSurplus (restricted in the amount of $13,660 pending retire-\nment of treasury stock):\nCapital surplus\n91,585\n91,585\nEarned surplus\n336,774\n330,687\nTotal Surplus\n428,359\n422,272\nTotal Capital Stock and Surplus\n633,899\n627,812\n$ 939,209\n$1,050,997"
}