The following is a list of assets and claims of a manufacturing business at a particular point

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The following is a list of assets and claims of a manufacturing business at a particular point in time:

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Write out a statement of financial position in the standard format incorporating these figures.

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Financial Accounting For Decision Makers

ISBN: 9781292099040

8th Edition

Authors: Peter Atrill

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Question Posted: May 31, 2024 10:01 AM

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The following is a list of assets and claims of a manufacturing business at a particular point

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Short-term borrowings 22,000 Property 245,000 Inventories of raw materials 18,000 Trade payables 23,000 Plant and equipment 127,000 Loan from Manufacturing Finance Co. (long-term borrowing) 100,000 Inventories of finished goods 28,000 Delivery vans 54,000 Trade receivables 34,000

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Financial Accounting For Decision Makers

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