The following is a list of the assets and claims of Crafty Engineering as at 30 June
Question:
The following is a list of the assets and claims of Crafty Engineering as at 30 June last year:
Required:
(a) Prepare the statement of financial position of the business as at 30 June last year from the above information using the standard layout. (Hint: There is a missing item that needs to be deduced and inserted.)
(b) Discuss the significant features revealed by this financial statement.
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