The following were taken from the books of AMihan Company December 31, 2017: Long-term payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income Notes Receivable Prepaid Expense Inventory Intangible Assets 500,000.00 120,000.00 750,000.00 56,000.00 65,000.00 100,000.00 77,000.00 ? 15,000.00 245,000.00 59,000.00 158,000.00 125,000.00 A. Based on the data given above, identify, classify and compute the following: Current Assets Non Current Assets Total Assets Current Liabilities Non-Current Liabilities Total Liabilities Equity B. Prepare Statement of Financial Position of Amihan Company during year-end.

The following were taken from the books of AMihan Company December 31, 2017: Long-term payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income Notes Receivable Prepaid Expense Inventory Intangible Assets 500,000.00 120,000.00 750,000.00 56,000.00 65,000.00 100,000.00 77,000.00 ? 15,000.00 245,000.00 59,000.00 158,000.00 125,000.00 A. Based on the data given above, identify, classify and compute the following: Current Assets Non Current Assets Total Assets Current Liabilities Non-Current Liabilities Total Liabilities Equity B. Prepare Statement of Financial Position of Amihan Company during year-end.

Name: The following were taken from the books of Amihan Company December 31
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Description: The following were taken from the books of Amihan Company December 31, 2017:Long-term payableNotes PayableProperty, Plant and EquipmentAccounts ReceivableAccounts PayableAccumulated DepreciationCashOwner's CapitalUnearned IncomeNotes ReceivablePrepa

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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