Ex.234
The following are the major statement of financial position classification.
Intangible assets (IA)Equity (E)
Property, plant, and equipment (PPE)Non-current liabilities (NCL)
Long-term investments (LTI)Current Liabilities (CL)
Current assets (CA)
Instructions
Classify each of the following accounts taken from Rivera Company 's statement of financial position.
_____ Accounts receivable_____ Mortgage payable
_____ Building_____ Share capital-ordinary
_____ Copyrights_____ Accumulated depreciation
_____ Accounts payable_____ Land held for investment
_____ Interest payable_____ Bonds payable
_____ Retained earnings_____ Inventory
Ex. 235
The following account balances appeared in the adjusted trial balance for Nguyen Inc.: Supplies ¥2,500; Inventories ¥3,000; Accounts Receivable ¥13,200; Cash ¥11,500; Prepaid Insurance ¥6,300; and Short-term Investments ¥7,600. Prepare the current assets section of the 2014 statement of financial position in proper format.
Ex. 236
The following items were taken from the post-closing trial balance of Aloma Macarty Company(All pounds are in thousands):
Accumulated depreciation?equip.
|
£5,455
|
|
Mortgage payable
|
£ 743
|
Accounts payable
|
2,244
|
|
Patent
|
680
|
Notes payable due after 2014
|
168
|
|
Equipment
|
14,300
|
Share capital-ordinary
|
9,800
|
|
Land held for investment
|
464
|
Retained earnings
|
5,263
|
|
Short-term investments
|
3,490
|
Accounts receivable
|
1,496
|
|
Notes payable due in 2014
|
681
|
Cash
|
2,868
|
|
Inventories
|
1,056
|
Prepare a classified statement of financial position in good form as of December 31, 2014.
a