From the following information, prepare a balance sheet, appropriately classified, as at 30 June 2022 for Cobin
Question:
From the following information, prepare a balance sheet, appropriately classified, as at 30 June 2022 for Cobin Ltd.
$
Share capital 150 000 Property, plant and equipment, at cost 550 000 Accounts payable 61 000 Accounts receivable 68 000 Cash and cash equivalents 43 000 Notes payable 30 000 Prepayments 10 000 Long-term debt, excluding current portion 200 000 Long-term investments 110 000 Provision for employee entitlements
(noncurrent)
34 000 Retained profits 184 000 Income taxes payable 32 000 Inventory 81 000 Patents and trademarks 44 000 Current portion of long-term debt 25 000 Accumulated depreciation 190 000
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Related Book For
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys
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