The general ledger trial balance of Jojoba Ltd includes the following asset accounts at 30 June 2023.

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• Jojoba Ltd’s investments are part of a long-term investment strategy.

• The company classifies assets and liabilities using a currenton-current basis.

Required

Prepare the current asset section of the statement of financial position of Jojoba Ltd as at 30 June 2023, using the minimum line items permitted under AASB 101/IAS 1.

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Financial Reporting

ISBN: 9780730396413

4th Edition

Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes

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Question Posted: Apr 08, 2024 09:00 AM

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The general ledger trial balance of Jojoba Ltd includes the following asset accounts at 30 June 2023.

Question:

Cash $ 97 000 (b) Trade receivables 235 000 (c) Prepaid rent 36.000 (d) Listed investments held for trading purposes at fair value 150 000 (e) Investments in financial assets 270 000 (f) Inventories 189 000 (g) Deferred tax asset 28 500

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Financial Reporting

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