Question
The combo company adjusted trail balance for the year ended 31/12/2018 (in thousands $ ) Cach 50485 Franchise 30000 Treasury stock 12750 Twenty-year 12% notes
The combo company adjusted trail balance for the year ended 31/12/2018 (in thousands $ )
Cach | 50485 |
Franchise | 30000 |
Treasury stock | 12750 |
Twenty-year 12% notes payable due January 1 /2025 | 250000 |
Holding for sale investments | 50030 |
Account receivable | 162824 |
Inventories at NRV | 426037 |
Bonds due January 31/2022 | 175000 |
Land | 25000 |
Allowance for doubtful accounts | 1850 |
Accounts payable | 157532 |
Investment for maturity in 2025 | 87500 |
Accrued interest on notes payable | 1350 |
Equipment | 232500 |
Notes payable to bank half due in 2019 | 65000 |
Income taxes payable | 7270 |
Pension provision | 75000 |
Notes receivable due in 2019 | 67576 |
Building | 850800 |
Good will | 56000 |
Accumulated depreciation Building | 291200 |
Accumulated depreciation Equipment | 57500 |
Copyright | 14000 |
Salaries payable | 13850 |
Accumulated other comprehensive income | 3650 |
Supplies on hand | 5100 |
Prepaid expenses | 12252 |
Retained earnings | 163182 |
Share premium preference | 16470 |
Share premium ordinary | 54000 |
- Share capital preference 7% authorized to issued 50000 issued and outstanding 30000 shares of 10$ per value
- Share capital ordinary authorized to issued 50000 shares of 1$ per value issued and outstanding 450000 shares
- The company decided that one equipment with cost 32500 and accumulated depreciation 500 will be not use more in operation and will hold for sale
Required : prepare classification statement of financial position for the year ended 31/12/2018
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