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How much does total financial asset value show in the statement of financial position if there are financial assets and their information as follows: -
How much does total financial asset value
show in the statement of financial position if
there are financial assets and their information
as follows:
- Cash $1,500
- Deposit at 24 months fixed account $5,000.
- Purchase stocks from the market for 1,000
shares at $100 per share but the price of the
stocks change to be $105 per share.
- Account Receivable $10,000 which is
expected 20% as bad debt amount.
- Inventory $20,000 which has their market
price as $19,900.
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