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Please answer number 17 and 18? The following trial balance of PT XYZ Company at December 31, 2014 has been adjusted except for income tax
Please answer number 17 and 18?
The following trial balance of PT XYZ Company at December 31, 2014 has been adjusted except for income tax expense. Cash 5,000,000 8,000,000 1,750,000 6,000,000 Accounts receivable - net Prepaid taxes Inventory Fixed assets Accounts payable Share capital Retained earnings Foreign currency translation adjustment Revenues 20.150 17,000,000 10,000,000 20,000,000 5,000,000 2,250,000 15,000,000 10,000,000 50,000,000 Expenses Total 50,000,000 During 2014, estimated tax payments of Rp1,750,000 were charged to prepaid taxes. XYZ has not recorded yet income tax expense. The tax rate is 35%. Included in accounts receivable is Rp3,000,000 due from a customer. Special terms grante Page 4 6 to this customer require payment in equal semiannual installments of Rp)X every April 1 and October 1, 17. In XYZ's December 31, 2014 statement of financial position, what atmount should be reported as total current assets? a. 20,750,000 d. 19,000,000 b. 18,750,000 c. 17,000,000 18. In XYZ's December 31, 2014 statement of financial position, what amount should be reported as retained earnings? d.6,000,000 a. 10,000,000 c.7,750,000 b.8,250,000 19. PT LDG ComuStep by Step Solution
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