Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marin Limited had the following statemant of financial pocition for the current year, 2023: The following additional information is zaillable and provides information regarding arrors

image text in transcribed Marin Limited had the following statemant of financial pocition for the current year, 2023: The following additional information is zaillable and provides information regarding arrors in classification which nesd to be corracted: 3. Property, Plant and Equipment include the following land $25,440; buildin $461,100 less accumulated dapraciation of $307,400; vahicles $83,740 less accumulated depraciation of $51,940; iand held for future usz $13,790. 4. Intangible assets inelude the following:patents nat of acsumulated amortization of $33,920. 5. Other assets include the following: eustomer deposits of $7,420, unearned revenue of $3,190, goodwill $46,640 and acsumulated other comprehersive income (loss] of $(4,240). 6. Current Liabilitiss inelude the following: parsion obligation of $57,240, intersst payable of $4,240; salariss and wagss payable of $8,490; accounts payable $32,960. 7. Lonz-term Liabilitiss inelude the following demand bank loan of $79,500; mortzzze payable $100,700 of which $7,420 is dus in the nextyear. Marin Limited had the following statemant of financial pocition for the current year, 2023: The following additional information is zaillable and provides information regarding arrors in classification which nesd to be corracted: 3. Property, Plant and Equipment include the following land $25,440; buildin $461,100 less accumulated dapraciation of $307,400; vahicles $83,740 less accumulated depraciation of $51,940; iand held for future usz $13,790. 4. Intangible assets inelude the following:patents nat of acsumulated amortization of $33,920. 5. Other assets include the following: eustomer deposits of $7,420, unearned revenue of $3,190, goodwill $46,640 and acsumulated other comprehersive income (loss] of $(4,240). 6. Current Liabilitiss inelude the following: parsion obligation of $57,240, intersst payable of $4,240; salariss and wagss payable of $8,490; accounts payable $32,960. 7. Lonz-term Liabilitiss inelude the following demand bank loan of $79,500; mortzzze payable $100,700 of which $7,420 is dus in the nextyear

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Processing Learn About Types Of Audits For Auditors Auditing For Dummies

Authors: Mazie Dannenberg

1st Edition

B097DGKYS7, 979-8524930576

More Books

Students also viewed these Accounting questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago