Question
Comment on FIVE (5) other significant changes that occurred in the companys financial position during 2022.AMC Limited Statement of Financial Position as at 31 December:
Comment on FIVE (5) other significant changes that occurred in the companys financial position during 2022.AMC Limited Statement of Financial Position as at 31 December: 2022 2021 R R ASSETS Non-current assets 18 200 000 20 800 000 Property , plant and equipment (Cost) 10 200 000 10 200 000 Accumulated depreciation 2 000 000 1 400 000 Carrying value 8 200 000 8 800 000 Investments 10 000 000 12 000 000 Current assets 7 000 000 4 890 000 Inventories 400 000 100 000 Accounts receivable 5 800 000 4 000 000 Cash 800 000 790 000 TOTAL ASSET 25 200 000 25 690 000 EQUITY AND LIABILITIES Equity 12 000 000 20 290 000 Ordinary share capital 3 000 000 2 400 000 Retained earnings 9 000 000 17 890 000 Non -current liabilities 10 000 000 34 000 000 Long -term loan 10 000 000 3 400 000 Current liabilities 3 200 000 2 000 000 Accounts payable 3 200 000 2 000 000 25 200 000 25 690 000
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