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Current Attempt in Progress The statement of financial position of Bramble Corporation follows for the current year, 2023: Bramble Corporation Statement of Financial Position
Current Attempt in Progress The statement of financial position of Bramble Corporation follows for the current year, 2023: Bramble Corporation Statement of Financial Position December 31, 2023 Current assets $421,950 Current liabilities $330,600 Investments 556,800 Long-term liabilities $35,200 Property, plant, and equipment 1,496,400 Shareholders' equity 1.539,900 Intangible assets 230,550 $2,705,700 $2,705,700 The following additional information is available: 1. 2. 3. The current assets section includes the following: cash $130.500; accounts receivable $147,900, less $8,700 allowance for expected credit losses; Inventory $156,600, and unearned revenue $4,350. The cash balance is composed of $165,300, less a bank overdraft of $34,800 (at a separate financial Institution). Inventory is stated at the lower of FIFO cost and net realizable value. The investments section includes the following: note receivable from a related company, due in 2029, $34.800; FV-NI investments in shares $69.600 (fair value $69.600); FV-OCI investments in shares $108,750 (fair value $134,850); bond sinking fund $217.500; and patents $100,050, net of accumulated amortization Property, plant, and equipment Include buildings $904 800, less accumulated depreciation $313.200: equipment $391.500 less accumulated depreciation $156,600; land $435.000, and land held for future use $234,900
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