all these are balance sheet

statement of comprehensive income

transactions

all these are parts to fill up

Comparative balance sheet pos - Xnt(s) Next question De eg Paul and Paula Inc. eh Comparative Balance Sheet As at December 31 2021 2020 Cash $ 85,800 $ 102,500 26.700 28.400 Investments-held for meeting short-term cash commitments Investmentsat fair value through other comprehensive income Accounts receivable 33,000 38.000 or 52.800 59,400 45,800 39,100 Inventory Prepaid expenses 12,700 10.600 Investments financial asset at amortized cost 90.000 100,000 Plant assets 857 000 495,000 Accumulated depreciation (160 000) (110,000) Comparative balance sheet - X Next question vesents at tal value tougroter compreensive income Accounts receivable 55,UUU JOUUU 52,800 59,400 39,100 45,800 Inventory Prepaid expenses Investments-financial asset at amortized cost 12,700 10,600 90,000 100.000 Plant assets 857,000 Accumulated depreciation (160,000) 42,700 495.000 (110,000) 82,100 Goodwill 1,086,500 $ 845.100 Accounts payable 48,300 $ 44,500 Accrued liabilities 27.800 30,200 10.000 18,000 Cash dividends payable Bonds payable 52,100 54,600 Comparative balance sheet nto Next question Accounts payable 48,300 $ 44,500 Accrued liabilities 30,200 27,800 10,000 18,000 54,600 52,100 Cash dividends payable Bonds payable Mortgage payable Lease liability Deferred income tax liability 103,000 90,000 9,000 4,000 Preferred shares 150,000 536,100 402,000 Ordinary shares Retained earnings 291,800 65.200 (5,000 Reserves $ 1,086,500 $ 845,100 Statement of comprehensive income Xp Next question Decem For the Year Ended December 31, 2021 Sheet Sales A hensiv 864,000 (422,100) Cost of sales 1 inforn 441,900 Gross profit Interest expense Depreciation expense Operating expenses (10,600) (70,000) (183.000) (29,500) prepare Other gains and losses Income before income tax aul and 148.800 (42 500) Income tax expense ement a Net income ded De 106,300 (5,100) Other comprehensive income: Holding loss on FVoci securities 101200 Comprehensive income 100 po Supplemental financial information Next question - Xion: 8C December 31. Sheet.) hensive Incon information.) e Paul and Paula exchanged 1,500 preferred shares for plant assets having a fair value of $150,000. Paul and Paula declared and issued 1,000 ordinary shares as a stock dividend valued at $10,000. Goodwill was determined to be impaired and was written down $39,400. Paul and Paula paid $10,000 cash and signed a lease agreement for $90,000 to acquire an ROU asset valued at $100,000. Paul and Paula sold equipment (plant assets) with a net book value of $70,000 for $80,000 cash. Paul and Paula did not buy or sell any at fair value through other comprehensive income securities during the year. Financial asset at amortized cost securities with a book value of $10,000 were called for redemption during the year: $11,000 cash was received. The recorded decrease in the bonds payable account was due to the amortization of the premium. The deferred income tax liability represents temporary differences relating to the use of capital cost allowance for income tax reporting and straight-line depreciation for financial statement reporting Paul and Paula plerts to record interest and dividends naid as an prepare Paule ul and Paula ment of Cash . led Decembe at December 31. ance Sheet) e mprehensive Incon ncial information) financial information Next question a tan value vr 190,00 Paul and Paula declared and issued 1,000 ordinary shares as a stock dividend valued at $10,000. Goodwill was determined to be impaired and was written down $39,400. Paul and Paula paid $10,000 cash and signed a lease agreement for $90,000 to acquire an ROU asset valued at $100,000. Paul and Paula sold equipment (plant assets) with a net book value of $70,000 for $80,000 cash. Paul and Paula did not buy or sell any at fair value through other comprehensive income securities during the year. Financial asset at amortized cost securities with a book value of $10,000 were called for redemption during the year; $11,000 cash was received. The recorded decrease in the bonds payable account was due to the amortization of the premium. The deferred income tax liability represents temporary differences relating to the use of capital cost allowance for income tax reporting and straight-line depreciation for financial statement reporting Paul and Paula elects to record interest and dividends paid as an operating activity led, prepare Paul Paul and Paula tatement of Cash Ended Decembe Paul and Paula Inc.'s financial statements as at December 31, 2021, appear below. Statement of Cash Flows Year Ended December 31, 2021 Cash flows from operating activities Net income Adjustments for Subtotal dis al 21, appear below Subtotal Cash generated from operating activities Net cash from operating activities Cash flows from investing activities Paul and Paula Inc.'s financial statements as at December 31, 2021, appear below. WR Cash flows from investing activities Net cash from investing activities Cash flows from financing activities Net cash from financing activities 10 Net increase (decrease) in cash (Click icon to view the supplemental financial information.) Required Cash flows from financing activities Net cash from financing activities Net increase (decrease) in cash Cash, January 1, 2021 Cash, December 31, 2021 E (Click icon to view the Statement of Comprehensive Income) (Click icon to view the supplemental financial information) Required Net increase (decrease) in cash Cash January 1, 2021 Cash December 31, 2021 Requirement b. Prepare note disclosure(s) for non-cash transactions. 1. During the year, the company issued as a stock dividend. The market value of the transaction was 5 2 During the year, the company issued in exchange for plant assets having a fair value of $ 3. During the year, the company paid $ cash and incurred a lease liability of to acquire a right-of-use asset valued at $ Comparative balance sheet pos - Xnt(s) Next question De eg Paul and Paula Inc. eh Comparative Balance Sheet As at December 31 2021 2020 Cash $ 85,800 $ 102,500 26.700 28.400 Investments-held for meeting short-term cash commitments Investmentsat fair value through other comprehensive income Accounts receivable 33,000 38.000 or 52.800 59,400 45,800 39,100 Inventory Prepaid expenses 12,700 10.600 Investments financial asset at amortized cost 90.000 100,000 Plant assets 857 000 495,000 Accumulated depreciation (160 000) (110,000) Comparative balance sheet - X Next question vesents at tal value tougroter compreensive income Accounts receivable 55,UUU JOUUU 52,800 59,400 39,100 45,800 Inventory Prepaid expenses Investments-financial asset at amortized cost 12,700 10,600 90,000 100.000 Plant assets 857,000 Accumulated depreciation (160,000) 42,700 495.000 (110,000) 82,100 Goodwill 1,086,500 $ 845.100 Accounts payable 48,300 $ 44,500 Accrued liabilities 27.800 30,200 10.000 18,000 Cash dividends payable Bonds payable 52,100 54,600 Comparative balance sheet nto Next question Accounts payable 48,300 $ 44,500 Accrued liabilities 30,200 27,800 10,000 18,000 54,600 52,100 Cash dividends payable Bonds payable Mortgage payable Lease liability Deferred income tax liability 103,000 90,000 9,000 4,000 Preferred shares 150,000 536,100 402,000 Ordinary shares Retained earnings 291,800 65.200 (5,000 Reserves $ 1,086,500 $ 845,100 Statement of comprehensive income Xp Next question Decem For the Year Ended December 31, 2021 Sheet Sales A hensiv 864,000 (422,100) Cost of sales 1 inforn 441,900 Gross profit Interest expense Depreciation expense Operating expenses (10,600) (70,000) (183.000) (29,500) prepare Other gains and losses Income before income tax aul and 148.800 (42 500) Income tax expense ement a Net income ded De 106,300 (5,100) Other comprehensive income: Holding loss on FVoci securities 101200 Comprehensive income 100 po Supplemental financial information Next question - Xion: 8C December 31. Sheet.) hensive Incon information.) e Paul and Paula exchanged 1,500 preferred shares for plant assets having a fair value of $150,000. Paul and Paula declared and issued 1,000 ordinary shares as a stock dividend valued at $10,000. Goodwill was determined to be impaired and was written down $39,400. Paul and Paula paid $10,000 cash and signed a lease agreement for $90,000 to acquire an ROU asset valued at $100,000. Paul and Paula sold equipment (plant assets) with a net book value of $70,000 for $80,000 cash. Paul and Paula did not buy or sell any at fair value through other comprehensive income securities during the year. Financial asset at amortized cost securities with a book value of $10,000 were called for redemption during the year: $11,000 cash was received. The recorded decrease in the bonds payable account was due to the amortization of the premium. The deferred income tax liability represents temporary differences relating to the use of capital cost allowance for income tax reporting and straight-line depreciation for financial statement reporting Paul and Paula plerts to record interest and dividends naid as an prepare Paule ul and Paula ment of Cash . led Decembe at December 31. ance Sheet) e mprehensive Incon ncial information) financial information Next question a tan value vr 190,00 Paul and Paula declared and issued 1,000 ordinary shares as a stock dividend valued at $10,000. Goodwill was determined to be impaired and was written down $39,400. Paul and Paula paid $10,000 cash and signed a lease agreement for $90,000 to acquire an ROU asset valued at $100,000. Paul and Paula sold equipment (plant assets) with a net book value of $70,000 for $80,000 cash. Paul and Paula did not buy or sell any at fair value through other comprehensive income securities during the year. Financial asset at amortized cost securities with a book value of $10,000 were called for redemption during the year; $11,000 cash was received. The recorded decrease in the bonds payable account was due to the amortization of the premium. The deferred income tax liability represents temporary differences relating to the use of capital cost allowance for income tax reporting and straight-line depreciation for financial statement reporting Paul and Paula elects to record interest and dividends paid as an operating activity led, prepare Paul Paul and Paula tatement of Cash Ended Decembe Paul and Paula Inc.'s financial statements as at December 31, 2021, appear below. Statement of Cash Flows Year Ended December 31, 2021 Cash flows from operating activities Net income Adjustments for Subtotal dis al 21, appear below Subtotal Cash generated from operating activities Net cash from operating activities Cash flows from investing activities Paul and Paula Inc.'s financial statements as at December 31, 2021, appear below. WR Cash flows from investing activities Net cash from investing activities Cash flows from financing activities Net cash from financing activities 10 Net increase (decrease) in cash (Click icon to view the supplemental financial information.) Required Cash flows from financing activities Net cash from financing activities Net increase (decrease) in cash Cash, January 1, 2021 Cash, December 31, 2021 E (Click icon to view the Statement of Comprehensive Income) (Click icon to view the supplemental financial information) Required Net increase (decrease) in cash Cash January 1, 2021 Cash December 31, 2021 Requirement b. Prepare note disclosure(s) for non-cash transactions. 1. During the year, the company issued as a stock dividend. The market value of the transaction was 5 2 During the year, the company issued in exchange for plant assets having a fair value of $ 3. During the year, the company paid $ cash and incurred a lease liability of to acquire a right-of-use asset valued at $