s. 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 = $55,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 = $55,000

Trade credit = $16,700

 Stock in trade = $5000,

Long term bank loan = $45,000

Sales Revenue = $7,000

 Gross Profit = $5,000

Operating expenses = $3000

Building = $3500

 Mortgage loan = $3,500,

Current portion of liability against asset subject to finance lease = $10,000,

Reserves = $30,000,

Marketable securities = $23,700,

Asset subject to finance lease = $50,000

 Issued, Subscribed and Paid-up Capital = $40,000,

Authorized Capital = $100,000,

Long term portion of liability against asset subject to finance lease = $40,000

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