Question
The following beginning balances are given for ATB Company at 01.01.2020. Account Name Amount (TL) Cash 83.600 Banks 19.000 Checks 43.000 Accounts Receivable 56.000 Notes
The following beginning balances are given for ATB Company at 01.01.2020.
Account Name Amount (TL)
Cash 83.600
Banks 19.000
Checks 43.000
Accounts Receivable 56.000
Notes Receivable 67.400
Allowance for Uncollectible Accounts 16.000
Inventory 750.000
Prepaid Expenses - Rent 50.400
Accounts Payable 135.000
Notes Payable 152.600
Dividends 26.000
Tax payable 71.800
Bank Loan 228.000
Bonds Issued 230.000
Buildings 675.000
Furniture and fixture 250.000
Accumulated Depreciation - Buildings 30.000
Capital Stock 537.000
Unearned Revenue 110.000
Retained Earnings 510.000
- Prepare the income statement for the period 01.01.2020 - 31.01.2020.Use IFRS terminology and mandatory line items.
- Prepare the cash-flow statement for the period 01.01.2020 - 31.01.2020, according todirectmethod
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
