CASE 7-1 Alternative Financial Statement Treatments both sweden.com The following financial statement was prepared by employees of your client, Linus Construction Company The statement is companied by foles, but you have discovered the following The wenge complete period for the company's is 18 months. The company's method of joumalizing contract actions is summarized in the following pro forma entries is my the completin of a job otmaiyaa About 70 percent of made in the have been applied to the purchase of us. While penis, we had to the made it for Nance to je co which there has been the event of purchase Linus Construction Company Statement of Financial Position December 31, 2017 Durres $180,00 220700 2.000.000 28.000 0.000 $5.000 $141.100 55.300 200 12.000 300 Cose Accounts receivable fess allowance of $14,000 for doubt accounts Materials, supplies, liber, and overhead charged to construction Materials and supplies not changed to construction Deposits made to cure performance of contracts Loss Current Liabetes Accounts payable to subcontractors Puyable for materials and supplies Accrued payroll Accrued interest on mortgenote Estimated to payable Networking capital Property Plant, and Equipment at cost) Land and get Machinery and woment Payments made on equipment Deferred Charges Prepaids and other express Ports charged on mortgage rate Total not working capital and noncurrent Los Deferred Lines Mortgage note payable Unewmed ro on work in progress Total Stockholders' Equity o probored stock per le Common stock at per value Paldin surplus Retired emings Treasury lock it couro Total stockholders 567.00 05.000 230, 700 10. O 120.00 7.041 300.000 100 S1411 0.000 100.000 3.641 continued 244 CHAPTER Fan Statements The Blace Shoot and the Set of shows the balance in the made in transferred to the mandate depreciation and other related consected Management is able to develep dependable estimates of CASE 7-1 Alternative Financial Statement Treatments both sweden.com The following financial statement was prepared by employees of your client, Linus Construction Company The statement is companied by foles, but you have discovered the following The wenge complete period for the company's is 18 months. The company's method of joumalizing contract actions is summarized in the following pro forma entries is my the completin of a job otmaiyaa About 70 percent of made in the have been applied to the purchase of us. While penis, we had to the made it for Nance to je co which there has been the event of purchase Linus Construction Company Statement of Financial Position December 31, 2017 Durres $180,00 220700 2.000.000 28.000 0.000 $5.000 $141.100 55.300 200 12.000 300 Cose Accounts receivable fess allowance of $14,000 for doubt accounts Materials, supplies, liber, and overhead charged to construction Materials and supplies not changed to construction Deposits made to cure performance of contracts Loss Current Liabetes Accounts payable to subcontractors Puyable for materials and supplies Accrued payroll Accrued interest on mortgenote Estimated to payable Networking capital Property Plant, and Equipment at cost) Land and get Machinery and woment Payments made on equipment Deferred Charges Prepaids and other express Ports charged on mortgage rate Total not working capital and noncurrent Los Deferred Lines Mortgage note payable Unewmed ro on work in progress Total Stockholders' Equity o probored stock per le Common stock at per value Paldin surplus Retired emings Treasury lock it couro Total stockholders 567.00 05.000 230, 700 10. O 120.00 7.041 300.000 100 S1411 0.000 100.000 3.641 continued 244 CHAPTER Fan Statements The Blace Shoot and the Set of shows the balance in the made in transferred to the mandate depreciation and other related consected Management is able to develep dependable estimates of
