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Q2. Andaman Corporation has the following accounts included in its December 31, 2015, trial balance: Retained Earnings $120,000, Share Capital - Ordinary $750,000, Bonds Payable
Q2. Andaman Corporation has the following accounts included in its December 31, 2015, trial balance: Retained Earnings $120,000, Share Capital - Ordinary $750,000, Bonds Payable $100,000, Share Premium - Ordinary $200,000, Goodwill $55,000, Accumulated Other Comprehensive Income $ (150,000), and Non-Controlling Interest $80,000. Accounts Receivable $110,000, Finished Goods $290,000, Allowance for Doubtful Accounts $8,000, Patents $72,000, Prepaid Insurance $9,500, Accounts Payable $77,000, and Cash $30,000. Prepaid Lease $5,700, Held-for-Collection Securities $56,000, Unearned Service Revenue $17,000, Land Held for Investment $39,000, and Notes Receivable (long-term) $42,000. Required Prepare the current assets, non-current assets, current liability, non- current liability and the equity sections of the statement of financial position
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