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How the information presented on the statement

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Question - Skysong, Inc. shows a balance of $515,350 in the Accounts Receivable account on December 31, 2020. The balance consists of the following:

Instalment accounts due in 2021 $91,000

Instalment accounts due after 2021 $71,000

Overpayments to creditors $12,680

Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan $162,000

Advances to employees $69,670

Advance to subsidiary company (made in 2015)109,000 $515,350

Show how the information above should be presented on the statement of financial position of Skysong, Inc. at December 31, 2020.

Reference no: EM132846322

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