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The following accounts are from XYZ, Inc. Balance Sheet as of December 31, 2020. Building Salaries Payable Cash Share Capital Intangible Assets Patents and
The following accounts are from XYZ, Inc. Balance Sheet as of December 31, 2020. Building Salaries Payable Cash Share Capital Intangible Assets Patents and Trade Mark Account Receivable Notes Payable Retained Earnings |25,000 OMR 10,000 OMR 15,000 OMR 75,000 OMR 60,000 OMR |3,000 OMR 4,500 OMR Requirements: 1. What is the amount of XYZS total Non-Current assets as of December 31, 2020? (Rubrics: I murk for the correct account halances and unswer- Total I mark) 2. Identify the accounts listed above that are Curent liabilities. (Rubries: 0.25 mark for the correct account identification- Total 0.5 mark) 3. What is the amount of XYZ's retained curnings as of December 31, 2020? (tur une the extendod acconunting vquatinn) (Rubrics: 0.5 murk for the correct calculation and answer - Total 2 murk) 4. Prepare a balance sheet for XYZ as of December 31, 2020.
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