QUESTION 17The following information is for SQU Company:Not yet answeredTrademark 70,000, Share Capital 120,000; Land 90,0003;Marked out of 1.0oRetained Earnings 250,000; Building 100,000%3;Accumulated Depreciation 20,00o; Land held forinvestment 75,000; Accounts Payable 60,000; PrepaidP Flag questionInsurance 30,00o; Salaries Payable 10,000; Inventory70,000; Mortgage Payable 90,000; Accounts Receivable50,000; Cash 65,000. The total amount of assets to beclassified as current assets and non-current assets isSelect one:a. R.O.550,000.b. R.O.75,000.c. R.O.180,000.d. R.O.530,000.

Non Current Asset = Trademark of 70,000 Land of 90,000 Building of 100,000 land held for investment…

QUESTION 17 The following information is for SQU Company: Not yet answered Trademark 70,000, Share Capital 120,000; Land 90,000; Retained Earnings 250,000; Building 100,000; Accumulated Depreciation 20,000; Land held for Marked out of 1.00 P Flag question investment 75.000; Accounts Payable 60,000; Prepaid Insurance 30,00o; Salaries Payable 10,000; Inventory 70,000; Mortgage Payable 90,000; Accounts Receivable 50,000; Cash 65,000. The total amount of assets to be classified as current assets and non-current assets is Select one: a. R.O.550,000. b. R.O.75,000. c. R.O.180,000. d. R.O.530,000.

QUESTION 17 The following information is for SQU Company: Not yet answered Trademark 70,000, Share Capital 120,000; Land 90,000; Retained Earnings 250,000; Building 100,000; Accumulated Depreciation 20,000; Land held for Marked out of 1.00 P Flag question investment 75.000; Accounts Payable 60,000; Prepaid Insurance 30,00o; Salaries Payable 10,000; Inventory 70,000; Mortgage Payable 90,000; Accounts Receivable 50,000; Cash 65,000. The total amount of assets to be classified as current assets and non-current assets is Select one: a. R.O.550,000. b. R.O.75,000. c. R.O.180,000. d. R.O.530,000.

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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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

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