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Determine the treatment of the accounts

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Reference no: EM132588814

Question - The following accounts appear on the adjusted trial balance of Hanofi Company on December 31, 2019:

Petty cash fund 10,000

Payroll fund 100,000

Sinking fund cash 500,000

Sinking fund securities 1,000,000

Investment in bonds 3,000,000

Accrued interest receivable- trading securities 50,000

Plant expansion fund 700,000

Cash surrender value of life insurance 80,000

Investment property- land 2,000,000

Advances to subsidiary 200,000

Interest in joint venture 800,000

Trading securities -ALI 40,000

Financial Assets -FVOCI 130,000

a) Determine how much should be included in cash and cash equivalent.

b) Determine how much should be included in current assets - investments.

c) Determine how much should be included as non-current investments.

d) If not part of the above classifications, determine the treatment of the accounts in the financial statements.

Reference no: EM132588814

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