Question

. The following data is extracted from the balance sheet of company:
Items Amount (1000 USD) Items Amount (1000 USD)
Cash 530 Current marketable securities 35
Inventories 500 Goods in processed 20
Salaries payable 55 Tax payable 220
Buildings 800 Accumulated depreciation 480
Machines and equipments 450 Intangible assets 560
Accounts Receivable 165 Stockholders’ equity 2150
Mortgage notes payable 260 Bonds Payable 700
Accounts Payable 275 Loans 470
Cash in banks 1300 Dividends payable 600
Unearned revenue 500 Office supplies 150
Temporary investment 900 Pre-paid insurance 300
You are required to: Recognize assets and liabilities?

Answer 1

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