Prepare Balance Sheet for the year ended 2008 Prepare notes to the financial statements of all the possible figures. You can use only the figures given in the paper in order to prepare notes to the financial statements. Following is the information for Attock Cement limited. All the figures are in millions.Dividend to Preferred Stock Holders = Rs. 25/Share Cash and cash equivalents = $9000 Trade debt = $4000 Prepaid Insurance = $5,000 Land = $55,000Trade credit = $16,700Stock in trade = $5000Long term bank loan = $45,000Sales Revenue = $7,000 Gross Profit = $5,000, Operating expenses = $3000 Building = $3500 Mortgage loan = $3,500Current portion of liability against asset subject to finance lease = $10,000 Reserves = $30,000Marketable securities = $23,700 Asset subject to finance lease = $50,000 Issued, Subscribed and Paid-up Capital = $40,000 Authorized Capital = $100,000Long term portion of liability against asset subject to finance lease = $40,000
Prepare
Step by step
Solved in 3 steps
