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Required information Skip to question [The following information applies to the questions displayed below.] Parker Inc. has the following cash balances: First Bank: $ 150,000
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[The following information applies to the questions displayed below.] Parker Inc. has the following cash balances:
First Bank: | $ | 150,000 | ||
Second Bank: | (16,000 | ) | ||
Third Bank: | 25,000 | |||
Fourth Bank: | (8,000 | ) | ||
2. Prepare the current assets and current liabilities section of Parkers 2021 balance sheet, assuming Parker reports under IFRS. (If there is no effect select "None" from the dropdown.) Current Assets:
Cirrent Liabilities:
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