Bear Park Ltd , a camping ground in the Lake District, has compiled the following financial information as of December 31, 2020 Instructions a Determine Bear Parks net income for 2020 b Prepare a statement of financial position for Bear Park Ltd as of December 31, 2020 Notes payable Expenses during...

a Camping fee revenues 140000 General store revenues 47000 Total revenue 187000 Expe ...

Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as

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Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as of December 31, 2020.

Notes payable Expenses during 2020 Supplies on hand Revenues during 2020–camping fees Revenues during 2020-general sto

Instructions

a. Determine Bear Park’s net income for 2020.

b. Prepare a statement of financial position for Bear Park Ltd. as of December 31, 2020.

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Financial Accounting with International Financial Reporting Standards

ISBN: 978-1119504306

4th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jul 22, 2019 12:50 PM

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Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as

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Financial Accounting with International Financial Reporting Standards

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