Information from the statement of financial position and
statement of income are given below for Pina Road Inc., a company
following IFRS, for the year ended December 31. Pina Road has
adopted the policy of classifying interest paid as operating
activities and dividends paid as financing activities.
Comparative Statement of Financial
Position, at December 31
2017
2016
Cash
$81,700
$48,050
Accounts receivable
91,800
37,800
Inventory
128,400
108,650
Investments in land
91,900
115,000
Property, plant, and equipment
295,000
212,000
Accumulated depreciation...