COMPREHENSIVE ILLUSTRATION All of the standard classifications discussed above are illustrated in a comprehensive statement of financial position for a hypothetical company called Frenette Corporation in Illustration 2-9. FRENETTE CORPORATION Statement of Financial Position October 31, 2015 Illustration Classified sta position in orc Assets $ 6,600 2,000 7,000 4,000 2.100 400 Current assets Cash Trading investments Accounts receivable Merchandise inventory Supplies Prepaid insurance Total current assets Long-term investments Property, plant, and equipment Land Buildings Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant, and equipment Goodwill Total assets $ 22,100 7,200 $40,000 60,000 $75,000 15.000 $24,000 5,000 19,000 119,000 3,100 $151,400 (continued) COMPREHENSIVE ILLUSTRATION All of the standard classifications discussed above are illustrated in a comprehensive statement of financial position for a hypothetical company called Frenette Corporation in Illustration 2-9. FRENETTE CORPORATION Statement of Financial Position October 31, 2015 Illustration Classified sta position in orc Assets $ 6,600 2,000 7,000 4,000 2.100 400 Current assets Cash Trading investments Accounts receivable Merchandise inventory Supplies Prepaid insurance Total current assets Long-term investments Property, plant, and equipment Land Buildings Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant, and equipment Goodwill Total assets $ 22,100 7,200 $40,000 60,000 $75,000 15.000 $24,000 5,000 19,000 119,000 3,100 $151,400 (continued)