Kieso, Intermediate Accounting, IFRS, 2e INTE STANDARD VIEW PRINTE s Assume that Masters Enterprises uses the following headings on its statement of financial position (a) Investments (9) Current liabilities (b) Property, plant, and equipment (h) Share capital (c) Intangible assets (i) Share premium (d) Other assets 6) Retained earnings (e) Current assets (k) Accumulated other comprehensive income (f) Non current liabilities Indicate by selecting the options how each of the following usually should be classified If an item should appear in a note to the financials to indicate this fact If an item need not be reported at all on the statement of financial position, use the letter X 1 Prepaid insurance Shares owned in associated companies 2 3 Unearned service revenue 4 Advances to suppliers 5 6 Unearned rent revenue Share capital preference Share premium preference Copyrights 7 8 9 Petty cash fund 10 Sales taxes payable BO E Ai DOLL

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Kieso, Intermediate Accounting, IFRS, 2e INTE STANDARD VIEW PRINTE s Assume that Masters Enterprises uses the following headings on its statement of financial position  (a) Investments  (9) Current liabilities  (b) Property, plant, and equipment  (h) Share capital  (c) Intangible assets  (i) Share premium  (d) Other assets  6) Retained earnings  (e) Current assets  (k) Accumulated other comprehensive income  (f) Non current liabilities  Indicate by selecting the options how each of the following usually should be classified  If an item should appear in a note to the financials to indicate this fact  If an item need not be reported at all on the statement of financial position, use the letter  X   1  Prepaid insurance  Shares owned in associated companies  2  3  Unearned service revenue  4  Advances to suppliers  5  6  Unearned rent revenue  Share capital preference  Share premium preference  Copyrights  7  8  9  Petty cash fund  10  Sales taxes payable  BO E Ai DOLL

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Kieso, Intermediate Accounting, IFRS, 2e INTE STANDARD VIEW PRINTE s Assume that Masters Enterprises uses the following headings on its statement of financial position. (a)

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