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1. In a separate Sheet of Paper, Prepare the Statement of Financial Position in good including the Notes to the Financial Statement. 2. Using the answer sheet provided, answer the following: a. How much is the Total Cash and Cash Equivalent? b. How much is the Total Trade and Other Receivables? c. How much is the Total Prepaid Expenses? d. How much is the Total Property, Plant and Equipment to be shown on the Statement of Financial Position? e. How much is the Total Intangibles? f. How much is the Total Current Asset? & How much is the Total Non-Current Assets? h. How much is the Total Assets? 1. How much is the Total Trade and Other Payables ? J. How much is the Total Current Liabilities? k. How much is the Total Non-Current Liabilities?

1. In a separate Sheet of Paper, Prepare the Statement of Financial Position in good including the Notes to the Financial Statement. 2. Using the answer sheet provided, answer the following: a. How much is the Total Cash and Cash Equivalent? b. How much is the Total Trade and Other Receivables? c. How much is the Total Prepaid Expenses? d. How much is the Total Property, Plant and Equipment to be shown on the Statement of Financial Position? e. How much is the Total Intangibles? f. How much is the Total Current Asset? & How much is the Total Non-Current Assets? h. How much is the Total Assets? 1. How much is the Total Trade and Other Payables ? J. How much is the Total Current Liabilities? k. How much is the Total Non-Current Liabilities?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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LEARNER'S MODULE Section: Name of the Student 1,100,000 2,500 24,000 Inventories Office Supplies - Prepaid Insurance Land Building Machinery & Equipment Furniture and Fixture Accum. Depreciation - Building Accum. Depreciation - M & E Accum. Depreciation - F&F Investment in associates at Equity Financial Assets - Non Current 120,000 450,000 85,000 35,000 4,500 8,500 1,500 85,000 350.000 6,500 Patents Trademark - Long-term advances to officers Accounts Payable Notes Payable Accrued Interest on Notes payable Income Tax Payable Dividends Payable Unearned Revenue Notes Payable - Short Term Current Portion of Bonds Payable Bonds Payable Notes Payable (long term) Deferred Tax Liability Dave, Capital TOTAL equired: 95,000 25,000 150,000 75,000 750 6,500 12,000 7.500 250,000 13,000 225,000 85,000 6,500 3.407.000 4,258,250 4,258,250 1. In a separate Sheet of Paper, Prepare the Statement of Financial Position in good including the Notes to the Financial Statement. 2. Using the answer sheet provided, answer the following: a. How much is the Total Cash and Cash Equivalent? b. How much is the Total Trade and Other Receivables? c. How much is the Total Prepaid Expenses? d. How much is the Total Property, Plant and Equipment to be shown on the Statement of Financial Position? e. How much is the Total Intangibles? f. How much is the Total Current Asset? g. How much is the Total Non-Current Assets? h. How much is the Total Assets? 1. How much is the Total Trade and Other Payables ? J. How much is the Total Current Liabilities? k. How much is the Total Non-Current Liabilities? OLLY VINLUAN-ABASTA, CPA, MBA SCHAEL JULIAN C. SORNES, LPT UTHORS FUNDAMENTALS OF ABM SUBJE ABM
Transcribed Image Text:LEARNER'S MODULE Section: Name of the Student 1,100,000 2,500 24,000 Inventories Office Supplies - Prepaid Insurance Land Building Machinery & Equipment Furniture and Fixture Accum. Depreciation - Building Accum. Depreciation - M & E Accum. Depreciation - F&F Investment in associates at Equity Financial Assets - Non Current 120,000 450,000 85,000 35,000 4,500 8,500 1,500 85,000 350.000 6,500 Patents Trademark - Long-term advances to officers Accounts Payable Notes Payable Accrued Interest on Notes payable Income Tax Payable Dividends Payable Unearned Revenue Notes Payable - Short Term Current Portion of Bonds Payable Bonds Payable Notes Payable (long term) Deferred Tax Liability Dave, Capital TOTAL equired: 95,000 25,000 150,000 75,000 750 6,500 12,000 7.500 250,000 13,000 225,000 85,000 6,500 3.407.000 4,258,250 4,258,250 1. In a separate Sheet of Paper, Prepare the Statement of Financial Position in good including the Notes to the Financial Statement. 2. Using the answer sheet provided, answer the following: a. How much is the Total Cash and Cash Equivalent? b. How much is the Total Trade and Other Receivables? c. How much is the Total Prepaid Expenses? d. How much is the Total Property, Plant and Equipment to be shown on the Statement of Financial Position? e. How much is the Total Intangibles? f. How much is the Total Current Asset? g. How much is the Total Non-Current Assets? h. How much is the Total Assets? 1. How much is the Total Trade and Other Payables ? J. How much is the Total Current Liabilities? k. How much is the Total Non-Current Liabilities? OLLY VINLUAN-ABASTA, CPA, MBA SCHAEL JULIAN C. SORNES, LPT UTHORS FUNDAMENTALS OF ABM SUBJE ABM
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