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ASSIGNMENT I: STATEMENT OF FINANCIAL POSITION INTERMEDIATE ACCOUNTING I (ACC310) SEMESTER 1, 2021-2022 Presented below are a number of statement of financial position items for

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ASSIGNMENT I: STATEMENT OF FINANCIAL POSITION INTERMEDIATE ACCOUNTING I (ACC310) SEMESTER 1, 2021-2022 Presented below are a number of statement of financial position items for Asia Pacific Corporation, for the current year ended on July 31, 2021. Accounts Amount Accounts Amount Goodwill 125.000 Inventory 239.00 Payroll taxes payable 177,591 Root payable (short-term) Bonds payable 285,000 Income taxes payable 98,162 Cash 360,000 Long-term rental obligaties 480,000 Land 480,000 Share capital-ordinary, Et par value 200.000 Notes receivable 145,700 Notes payable thanks 215.000 Share capital preference, 10 150,000 Accounts payable 90,000 per value Prepaid expenses 87,930 Retained carings Equipment 1.470,00 Income les receivable 97.630 Trading securities 121,000 Unsecured notes payable long-term 1.200.000 Accumulated depreciation- 270.300 Accumulated depreciation- 292.000 buildings Thai Buildings 1.640.000 Additional information: 1) Share capital-ordinary shares authorized was 400,000 shares and share capital preference shares authorized was 20,000 shares. 2) Assume that notes receivable and notes payable are short- term, unless stated otherwise. 3) Cost and fair value of trading securities are the same REQUIRED: Prepare a classified statement of financial position in good form for Asia Pacific Corporation as at July 31, 2021

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