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P12-6A The following data, presented in alphabetical order, are taken from the records of Urbina Company. Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Allowance
P12-6A The following data, presented in alphabetical order, are taken from the records of Urbina Company. Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Allowance for doubtful accounts Bonds payable (10%, due 2019) Buildings Cash Dividends payable Equipment Goodwill Income taxes payable Investment in Flott ordinary shares (10% ownership), at cost Investment in Portico ordinary shares (30% ownership), at equity Land Market adjustment-AFS (Dr) Merchandise inventory Notes payable (due 2012) Prepaid insurance Retained earnings Share capital-ordinary ($10 par value; 500,000 shares authorized, 150,000 shares issued) Share premium-ordinary Short-term share investment, at fair value (and cost) Unrealized gain-available-for-sale securities $ 240,000 140,000 180,000 52,000 6,000 540,000 950,000 Instructions Prepare a classified statement of financial position at December 31, 2011. 42,000 80,000 275,000 200,000 120,000 278,000 380,000 390,000 8,000 170,000 70,000 16,000 103,000 1,500,000 130,000 180,000 8,000 The investment in Flott ordinary shares is considered to be a long-term available-for-sale security.
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