Document qvyEBvagYeJkwx9VR7EVEpNx

AMERICAN BRAKE SHOE COMPANY liabilities CURRENT LIABILITIES 1965 1964 Long term debt due within one year (note 5)___ $ 456,424 $ 1,459,552 Notes payable by subsidiaries................................ 2,245,555 1,455,478 Accounts payable ................................................... 9,250,055 8,282,048 Accrued accounts................................................... 7,604,870 7,107,204 Accrued taxes on income........................................ 6,273,765 7,384,068 j TOTAL CURRENT LIABILITIES................................ 25,830,669 25,688,350 LONG TERM LIABILITIES ; Long term debt (note 5).......................................... 28,122,381 29,307,007 Deferred income taxes (note 2).............................. 4,790,000 3,895,000 TOTAL LONG TERM LIABILITIES........................... 32,912,381 33,202,007 SHAREHOLDERS' EQUITY CAPITAL STOCK (notes 6 and 7) Common, no par-- authorized 3,000,000 shares: 1965 1964 Issued ................ 1,872,319 1,872,319 Treasury ............ 28,576 20,586 Outstanding .... 1,843,743 1,851,733 EARNINGS REINVESTED IN THE BUSINESS (notes 5 and 8) TOTAL SHAREHOLDERS' EQUITY . 52,126,394 1,565,765 50,560,629 64,408,094 114,968,723 $173,711,773 52,348,598 1,059,808 51,288,790 59,219,171 110,507,961 $169,398,318 j page twenty-seven SCI 01666