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Organize the accounts and amounts shown on the right into the current assets and non-current assets sections of the balance sheet for Cardullo's. Start building
Organize the accounts and amounts shown on the right into the current assets and non-current assets sections of the balance sheet for Cardullo's. Start building the sections according to US GAAP and then do it according to IFRS standards. You will have a chance to review both side by side before submitting your answer ACCORDING TO US GAAP Cardullo's Gourmet Shoppe, Inc Balance Sheet as of December 31, 2013 ACCOUNTS RECEIVABLE $8,686 ASSETS INVENTORY $106,382 CURRENT ASSETS OTHER CURRENT ASSETS $1,852 TOTAL CURRENT ASSETS OTHER NON-CURRENT ASSETS $2,065 NON-CURRENT ASSETS PP&E (NET) $37,913 TOTAL NON-CURRENT ASSETS $0 PREPAID EXPENSES $1,990 TOTAL ASSETS $0 CASH $186,419 LIABILITIES EQUITY
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