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The trial balance of Monty Ltd. at December 31, 2023, follows: Cash Sales revenue Debits Credits $305,000 $10,337,000 FV-NI investments (at fair value) 323,000 Cost
The trial balance of Monty Ltd. at December 31, 2023, follows: Cash Sales revenue Debits Credits $305,000 $10,337,000 FV-NI investments (at fair value) 323,000 Cost of goods sold 5,800,000 Bond investment at amortized cost 449,000 FV-OCI investments (fair value $365,000) 293,000 Notes payable (due in six months) 110,000 Accounts payable 815.000 Selling expenses 2,960,000 Investment income or loss 14,000 Land 330,000 Buildings 2.540.000 Dividends payable 36.000 Income tax payable 114,000 Accounts receivable 565,000 Accumulated depreciation-buildings 292,000 Notes payable (due in five years) Equipment 750,000 1,050,000 Bonds payable (due in three years) 2,100,000 Accumulated depreciation-equipment 77,000 Intangible assets-franchises (net) 170,000 Common shares 869,000 Intangible assets-patents (net) 245,000 Retained earnings (opening) 864.000 Accumulated other comprehensive income (opening) 97.000 Totals $16.868.000 $16.868,000 The investment income or loss relates to the FV-NI investments. (a) Prepare a classified statement of financial position as at December 31, 2023. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land. Buildings, and Equipment.) Monty Ltd. Statement of Financial Position December 31, 2023 Assets
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