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In: Accounting
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the...
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the related notes. Discuss and analyze the statement in light of things you studied in chapter 5. Answer should be no less than 300 words. (2 mark)
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the...
Q1. Choose a Saudi corporation and find its statement of
financial position for 2019 and the related notes. Discuss and
analyze the statement in light of things you studied in chapter 5.
Answer should be no less than 300 words.
Q2. Discuss the different methods to account for cash discount.
Support you answer with examples.
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the...
Q1. Choose a Saudi corporation and find
its statement of financial position for 2019 and the related notes.
Discuss and analyze the statement
Answer should be no less than 300 words
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the...
Q1. Choose a Saudi corporation and find its statement of
financial position for 2019 and the related notes. Discuss and
analyze the statement in light of things you studied in chapter 5
"balance sheet and statement of cash flows". Answer should be no
less than 300 words.
Q1. Choose a Saudi corporation and find its statement of financial position for 2019 and the...
Q1. Choose a Saudi corporation and find
its statement of financial position for 2019 and the related notes.
Discuss and analyze the statement in light of things you studied in
chapter 5. Answer should be no less than 300 words
Q2. Discuss the different methods to
account for cash discount. Support you answer with
examples.
A comparative statement of financial position for Ayayai Corporation follows: AYAYAI CORPORATION Statement of Financial Position...
A comparative statement of financial position for Ayayai
Corporation follows:
AYAYAI CORPORATION
Statement of Financial Position
December 31
Assets
2020
2019
Cash
$48,100
$21,460
Accounts receivable
64,380
43,660
Inventory
98,420
59,940
FV-OCI investments in shares
46,620
62,160
Land
48,100
76,220
Equipment
288,600
318,200
Accumulated depreciation—equipment
(86,580
)
(63,640
)
Goodwill
91,760
128,020
Total
$599,400
$646,020
Liabilities and Shareholders’ Equity
Accounts payable
$8,880
$37,740
Dividends payable
11,100
23,680
Notes payable
162,800
247,900
Common shares
196,100
92,500
Retained earnings
213,120
210,160
Accumulated...
P5.11 A comparative statement of financial position for Spencer Corporation follows: Spencer Corporation Statement of Financial...
P5.11 A comparative statement of financial position for Spencer
Corporation follows:
Spencer Corporation
Statement of Financial Position
December 31
Assets
2020
2019
Cash
$ 65,000
$ 29,000
Accounts receivable
87,000
59,000
Inventory
133,000
81,000
FV-OCI investments in shares
63,000
84,000
Land
65,000
103,000
Equipment
390,000
430,000
Accumulated depreciation—equipment
(117,000)
(86,000)
Goodwill
124,000
173,000
Total
$810,000
$873,000
Liabilities and Shareholders' Equity
Accounts payable
$ 12,000
$ 51,000
Dividends payable
15,000
32,000
Notes payable
220,000
335,000
Common shares
265,000
125,000
Retained...
L&B Corporation comparitive Statement of Financial Position and Income Statement follows: L&B Corporation Statement of Financial...
L&B Corporation comparitive Statement of Financial Position
and Income Statement follows:
L&B Corporation
Statement of Financial Position
As At December 31
ASSETS
2019
2018
Cash
$29500 $30000
Accounts Receivable
17000
12000
Capital Assets
138500 123500
Accumulated Depreciation
(89000) (83500)
Total Assets
...
The following are income statement and comparative statement of financial position for Rabies Corporation for the...
The following are income statement and comparative statement of
financial position for Rabies Corporation for the year ended
31/12/2019. Sales 1,915,000 C.G.S (965,000) gross income 950,000
Operating expenses (721,000) income from operating 229,000 Other
gain or losses ( 2,000) Interest expenses (12,000) Tax (65,000) net
income 150,000 Comparative statement of financial positions for the
year ended 31/12/2019 ASSETS 2019 2018 L. S. Equity 2019 2018 Cash
104,000 57,000 Accounts payable 69,000 75,000 Accounts receivable
82,000 36,000 Accrued expenses 15,700 16000...
Consolidated Statement of Financial Position For the year ended 30 September 2019 2019 2019 2018 2018...
Consolidated Statement of Financial Position For the
year ended 30 September 2019
2019 2019 2018 2018
ASSETS Note ZMW’000s USD’000s ZMW’000s USD’000s
Non-current assets
Goodwill 13 166,801 12,636 166,801 13,628
Property, plant and equipment 14 2,841,824 215,290 2,902,221
237,110
Investment in associate 15(e) 12,376 938 15,412 1,259
Deferred tax asset 10(e) 56,525 4,282 47,854 3,910
3,077,526 233,146 3,132,288 255,907
Current assets
Biological assets 16 170,417 12,910 181,674 14,843
Inventories 17 941,159 71,300 639,811 52,272
Trade and other receivables 18 98,025...
Explain the statement of financial position and its uses and limitations
Explain the statement of financial position and its uses and
limitations
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