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Assume that Funland Inc. has the following accounts at the end of the current year: Prepare a classified statement of financial position in good form
Assume that Funland Inc. has the following accounts at the end of the current year:
Prepare a classified statement of financial position in good form (no monetary amounts are necessary)
(List current assets in order of liquidity. List Property, plant and equipment in order of Land, Buildings, Equipment) **Non current assets need to be sorted into Long-term investments, PPE, Intangible assets, and Inventory
Common shares |
raw materials inventory |
FV-OCI |
Unearned rent revenue |
Work in process inventory |
Intangible assets - copyrights |
Buildings |
Notes receivable (due in 3 months) |
Cash (includes restricted cash for plant expansion) |
Salaries & wages payable |
Accum. Depn - buildings |
Restricted cash (plant expansion) |
Land held for future plant site |
allowance for expected credit loss |
R/E |
UNEARNED REVENUE (earned in the NEXT YEAR) |
A/R - DUE IN 1 YR |
FINISHED GOODS INVENTORY |
A/R |
BONDS PAYABLE (due in 4 YRS) |
A/P |
GOODWILL |
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