The following data are drawn from ABC company in 31-12-2020 Debit Credit Account Cash and cash equivalents Treasury shares Inventories Share premium Revaluation surplus Intangible Assets Select one: 49,000 4,000 30,000 a. 163000 b. 139000 c. 259000 d. 193000 e. 159000 f. All answers are false 100,000 Non-controlling interests Investment property Retained earnings 10,000 Accounts payable 10,000 Share capital 104,000 Total 193,000 193,000 Under LAS 1, the amount of equity of owners of parent is: 9,000 40,000 10,000 20,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

1

n
The following data are drawn from ABC company in 31-12-2020
Debit
Credit
Account
Cash and cash equivalents
Treasury shares
Inventories
Share premium
Revaluation surplus
Intangible Assets
Non-controlling interests
Investment property
Retained earnings
Accounts payable
Select one:
b. 139000
c. 259000
d. 193000
e. 159000
but Of All answers are false
O
a. 163000
6
49,000
4,000
30,000
10,000
10,000
Share capital
104,000
Total
193,000
193,000
Under IAS 1, the amount of equity of owners of parent is:
100,000
10,000
9,000
40,000
20,000
Transcribed Image Text:n The following data are drawn from ABC company in 31-12-2020 Debit Credit Account Cash and cash equivalents Treasury shares Inventories Share premium Revaluation surplus Intangible Assets Non-controlling interests Investment property Retained earnings Accounts payable Select one: b. 139000 c. 259000 d. 193000 e. 159000 but Of All answers are false O a. 163000 6 49,000 4,000 30,000 10,000 10,000 Share capital 104,000 Total 193,000 193,000 Under IAS 1, the amount of equity of owners of parent is: 100,000 10,000 9,000 40,000 20,000
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Tax loss carryovers
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education