Presented below is information related to plant assets and intangible assets at year end on December 31, 2014, for Looper Company: 
Instructions
Prepare a partial balance sheet for Looper Company that shows how the above listed items would be presented.
Definitions:
Authority
signifies the legitimate power or right given to an individual or body to make decisions, command resources, and enforce obedience.
Performing Stage
A phase in group development where members effectively work together and achieve high levels of task performance and cooperation.
Bruce Tuckman
An American psychological researcher known for his "forming, storming, norming, performing" model of group development.
Group Development
The sequence of stages groups undergo from formation to termination, including forming, storming, norming, and performing.
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