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Problem 5-2 a Statement of financial position items for Riverbed Inc. follow for the current year, 2020: Goodwill $126,250 Accumulated depreciation-equipment Bank loan 179,367 Inventory
Problem 5-2 a Statement of financial position items for Riverbed Inc. follow for the current year, 2020: Goodwill $126,250 Accumulated depreciation-equipment Bank loan 179,367 Inventory Bonds payable due 2024 287,700 Rent payable Cash 363,600 Income tax payable Land 484,800 Rent payable (long-term) Notes receivable 450,157 Common shares (20,000 shares issued) Notes payable 267,650 Preferred shares (15,000 shares issued) Accounts payable 494,900 Prepaid expenses Retained earnings ? Equipment Income tax receivable 98,606 FV-NI investments Notes payable (due in five years) 1,616,000 Accumulated depreciation-buildings Buildings $294,920 242,198 45,450 99,346 484,800 202,000 151,500 88,799 1,484,700 122,210 272,902 1,656,400 Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and 20, bank loan, and notes payable are short-term, unless stated otherwise, and that the FV. Nt investments are stated at fair value. (List Current In order of Land, Buildings and Equipment.) Riverbed Inc. Statement of Financial Position December 31, 2020 Assets Current Assets Cash 363000 Land 18-1800 Inventory Equipment 242190 144700 Building
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