Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The following account information for Safari Corporation, prepare a statement of financial position in report form for the company as of December 31, 2021. All
The following account information for Safari Corporation, prepare a statement of financial position in report form for the company as of December 31, 2021. All accounts have normal balances. (Net Income JD 100800) Equipment JD 50,000 Interest Expense 2,400 Interest Payable 1,000 long-tem Notes Receivable 12,500 Retained Earnings 161,100 Dividends 50,400 Land 140,000 Inventory 105,000 Bonds Payable 154,000 Financial Assets measured at FV through P&L 4,500 Notes Payable (due in 6 months) 25,500 Share Capital-Ordinary 49,500 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 3,600 Buildings 90,500 Supplies 2,500 Treasury shares 1,000 Financial Assets measured a FV through OCI 4,500 Taxes Payable 3,000 Utilities Expense 1,320 restricted cash (petty cash) 400 Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 15,000 Accumulated Dep. - Buildings 20,000 Cash 45,000 Depreciation Expense 8,000 Land Held for Investment 30,000 1 Answer # Question 1 Total Non-Current Assets that will be reported at 31/12/2021 statement of financial position is: 2 Total Current Liabilities that will be reported at 31/12/2021 statement of financial position, is: 3 Total Equity that will be reported at 31/12/2021 statement of financial position, is: 4 Total Current Assets that will be reported at 31/12/2021 statement of financial position is: 5 Amount of Property, Plant, and Equipment to be reported at 31/12/2021 statement of financial position, is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started