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Prepare a Statement of Financial Position of MNT Company for the year ended 31 st December, 2015 in a proper format from the following list
Prepare a Statement of Financial Position of MNT Company for the year ended 31st December, 2015 in a proper format from the following list of accounts:
Then answer this What formats are used to prepare Statement of Financial Position?
+ List of Accounts Long Term Investments Land Buildings Equipment Goodwill Patents Inventories Account Receivable Prepaid Expenses Short term investments Cash and cash equivalents Share Capital-Ordinary Share Capital-Preference Retained Earnings Bonds (Liabilities due January 31, 2025) Notes payable Account payable Salary payable Deposits received from customers Amount ($) 51,000 68,500 165,000 170,000 15,000 5,500 270,000 90,500 28,000 27,000 26,500 210,000 220,000 93,500 233,750 44,000 108,350 4,200 3.200Step by Step Solution
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