The nature of capital and income

Bibliographic data

Monograph

Identifikator:: 102659555X

URN:: urn:nbn:de:zbw-retromon-82920

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The nature of capital and income

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1923

Scope:: XXI, 427 Seiten

Digitisation:: 2019

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Capital and income

Collection:: Economics Books

NATURE OF CAPITAL AND INCOME [Cuar. XV CAPITAL ACCOUNT AT BEGINNING OF YEAR 1904 Assets Factory Repair fund Liabilities $279,500 Bonds te 20,500 Capital and surplus $300,000 CAPITAL ACCOUNT AT END OF YEAR 1904 Assets Factory (exclusive of improvements) $268,500 Improvements 31,500 Repair fund 000 $300,000 Liabilities Bonds canis Capital and surplus INncoME Account pUrING YEAR 1904 Capital Source Income Outgo Factory Product . $40,000 Running : expenses $15,000 , Special re- pairs 31,500 Repair fund Sale of entire New in- fund in vest- Dec. 31,500 ment 10,000 | Interest . 1,000 Interest Bonds Interest 5,000 Capital and surplus Dividends. 10,000 $72,500 $72,500 $100,000 200,000 $300,000 $100,000 200,000 $300,000 Net —$6,500 1,000 { +21,500 — 5,000 — 10,000 000 Here we see that during the year 1904, the value of the factory at the beginning was $279,500, and at the end, exclusive of improvements, $268 500. But the improvements or special repairs amounting to $31,500 have made up the total value of the factory to $300,000. There is at this time no repair fund whatever, as it has all been absorbed in improving the factory. The assets, therefore, amount to $300,000; the property of the stockholders remains sta- tionary as before at $200,000; and their dividends also remain stationary at $10,000. The factory itself during this

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