Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question: if you have information about Iron Jordanian company as in the table below: Valux in 2019 Value in 2015 ms 7,500,000 Net 1.515,000 50,000
question: if you have information about Iron Jordanian company as in the table below: Valux in 2019 Value in 2015 ms 7,500,000 Net 1.515,000 50,000 Cash 200.000 Gecap 70,000 60.000 AR 40,000 Depeche 45,000 60,000 Marketleri 60,000 Reg. Im 100,000 60.000 Inventory 20,000 este 80,000 Tap 300,000 Net purchase 80,000 30,000 150,000 120,000 Reverso 1.755.000 1.280,000 Freda 20,000 10.000 Accrual 75,000 25,00 Bunde 60,000 50,000 Ace. Depec 3000.000 3000.000 mm 10,000 10,000 Surplus incapa 90,000 30,000 RE Additional information: 1- General level price in 1/1/2019 (100) during 2019 (120), in 31/12/2019 (140). 2. The common stocks include 2 issues: 1,800,000 adjusted at 130 general level price and 1,200,000 adjusted at 115 general level price. 3- The additional value in fixed assets adjusted at 50 general level price. 4- Depreciation expense adjusted at 80 general level price. 5. The firm decide to distribute profit in 31/12/2019 as 8,799,434. 6- The firm decide to pay interest & tax expenses in 31/12/2019. 7. The firm adjusted capital surplus at 130 general level price. 8- The monetary items achieved earned from buying power by 53,333. Requirements: 1. Prepare income St. after adjust the effect of inflation. 2. Prepare balance sheet St. after adjust the effect of inflation. question: if you have information about Iron Jordanian company as in the table below: Valux in 2019 Value in 2015 ms 7,500,000 Net 1.515,000 50,000 Cash 200.000 Gecap 70,000 60.000 AR 40,000 Depeche 45,000 60,000 Marketleri 60,000 Reg. Im 100,000 60.000 Inventory 20,000 este 80,000 Tap 300,000 Net purchase 80,000 30,000 150,000 120,000 Reverso 1.755.000 1.280,000 Freda 20,000 10.000 Accrual 75,000 25,00 Bunde 60,000 50,000 Ace. Depec 3000.000 3000.000 mm 10,000 10,000 Surplus incapa 90,000 30,000 RE Additional information: 1- General level price in 1/1/2019 (100) during 2019 (120), in 31/12/2019 (140). 2. The common stocks include 2 issues: 1,800,000 adjusted at 130 general level price and 1,200,000 adjusted at 115 general level price. 3- The additional value in fixed assets adjusted at 50 general level price. 4- Depreciation expense adjusted at 80 general level price. 5. The firm decide to distribute profit in 31/12/2019 as 8,799,434. 6- The firm decide to pay interest & tax expenses in 31/12/2019. 7. The firm adjusted capital surplus at 130 general level price. 8- The monetary items achieved earned from buying power by 53,333. Requirements: 1. Prepare income St. after adjust the effect of inflation. 2. Prepare balance sheet St. after adjust the effect of inflation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started