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Wakanda Mulla has presented the following financial data for 2017: Balance Sheet 2016 2017 Non-Current Assets Cost Depp NBV Cost Repu NBV Goodwill 260,000
Wakanda Mulla has presented the following financial data for 2017: Balance Sheet 2016 2017 Non-Current Assets Cost Depp NBV Cost Repu NBV Goodwill 260,000 210,000 Tangible Assets 1,800,000 (360,000) 1,440,000 2,300,000 (450,000) 1,850,000 Long term Investment 130,000 1,830,000 130,000 2,190,000 Current Assets Closing Stock 35,000 55,000 Debtors 65,000 20,000 Short term Investment 40,000 65,000 Bank 0 40,000 Cash 2,000 142,000 17,000 197,000 1,972,000 2,387,000 Total Assets Capital & Reserves Share Capital 700,000 900,000 General Reserves Retained Profit 250,000 250,000 210,000 1,160,000 50,000 1,200,000 Non Current Liability 10% Debenture 700,000 1,000,000 Current Liabilities Creditors 36,000 96,000 Dividends Payable 11000 11000 Tax Payable 20,000 20000 Interest Owing 10,000 60,000 Bank Overdraft 35,000 112,000 0 187,000 Total Equity & Liabilities 1,972,000 2,387,000
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