EXERCISE 5: PREPARING THE STATEMENT OF FINANCIAL POSITION At the end of December 31, 2012, Cougar Inc.'s accounts are as follows: Accumulated depreciation Current income taxes payable Long-term borrowings Inventories Trade receivables al Non-current assets (at cost) Trade and other payables Mortgage Accrued expenses Future income taxes payable Share capital $100,000 5,000 25,000 90,000 is) 60,000 300,000 40,000 130,000 10,000 T JADWAN 5,000 nomaalatan 100,000 Prepaid expenses Intangible assets Cash and cash equivalents PREADSHEE 10,000 20,000 Retained earnings Short-term borrowings 25,000 80,000 10,000 130220033 home nisi fe Question Prepare Cougar Inc.'s statement of financial position as at December 31, 201
EXERCISE 5: PREPARING THE STATEMENT OF FINANCIAL POSITION At the end of December 31, 2012, Cougar Inc.'s accounts are as follows: Accumulated depreciation Current income taxes payable Long-term borrowings Inventories Trade receivables al Non-current assets (at cost) Trade and other payables Mortgage Accrued expenses Future income taxes payable Share capital $100,000 5,000 25,000 90,000 is) 60,000 300,000 40,000 130,000 10,000 T JADWAN 5,000 nomaalatan 100,000 Prepaid expenses Intangible assets Cash and cash equivalents PREADSHEE 10,000 20,000 Retained earnings Short-term borrowings 25,000 80,000 10,000 130220033 home nisi fe Question Prepare Cougar Inc.'s statement of financial position as at December 31, 201
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:EXERCISE 5: PREPARING THE STATEMENT OF FINANCIAL POSITION
At the end of December 31, 2012, Cougar Inc.'s accounts are as follows:
Accumulated depreciation
Current income taxes payable
Long-term borrowings
Inventories
Trade receivables
Non-current assets (at cost)
Trade and other payables
Mortgage
Accrued expenses
$100,000
5,000
25,000
90,000
to mabass) 60,000
300,000
40,000
130,000
10,000
MITTE JADWAN
30X320133
olanomatare Istam 100,000 gniwallol ads sinqer
PREADSH
10,000 m2 1
20,000
25,000
80,000
10,000
Future income taxes payable
Share capital
Prepaid expenses
Intangible assets
Cash and cash equivalents
Retained earnings
Short-term borrowings
Question
Prepare Cougar Inc.'s statement of financial position as at December 31, 2012.
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