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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)
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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