Prepare properly classified statement of financial position

Assignment Help Accounting Basics
Reference no: EM133168457

Question - The December 31, 2021 statement of financial position accounts of YOUR DAWTER COMPANY are shown below in alphabetical order:

Account

Amount

Accounts Payable

128,625,000.00

Accounts Receivable

385,875,000.00

Accrued Liabilities

154,350,000.00

Accumulated Amortization - Patent

450,187,500.00

Accumulated Amortization - Web Site

192,937,500.00

Accumulated Depreciation - Building

514,500,000.00

Advances to Affiliates

257,250,000.00

Advances to employees

154,350,000.00

Advances to Officers

25,725,000.00

Advances to suppliers

128,625,000.00

Allowance for Doubtful Accounts

385,875,000.00

Biological Assets

257,250,000.00

Bonds Payable

321,562,500.00

Building

115,762,500.00

Cash in Bank - BDO (Current)

25,725,000.00

Cash in Bank - BDO (Savings)

261,108,750.00

Cash in Bank - BPI

1,286,250,000.00

Cash on hand

2,572,500,000.00

Deferred Tax Liability

3,858,750,000.00

Discount on Bonds Payable

1,929,375,000.00

Discount on Loans Payable

1,157,625,000.00

Finished Goods Inventory

268,826,250.00

Held for Trading Securities

154,350,000.00

Income Tax Payable

21,866,250.00

Interest Payable (due May 30, 2022)

102,900,000.00

Interest receivable (due on Mar 1, 2022)

83,606,250.00

Investment Property

115,762,500.00

Land

257,250,000.00

Loans Payable

385,875,000.00

Ordinary Share Capital

244,387,500.00

Patent

23,152,500.00

Prepaid income tax

214,803,750.00

Prepaid supplies

1,157,625,000.00

Provision for Warranty Obligations

154,350,000.00

Raw Materials Inventory

578,812,500.00

Retained Earnings

3,213,052,500.00

Revaluation Surplus

1,157,625,000.00

Share Premium

1,157,625,000.00

Treasury Shares

457,905,000.00

Unrealized Gains on FVOCI

154,350,000.00

Utilities Payable

448,901,250.00

Web Site Costs

1,286,250,000.00

Work in Process Inventory

257,250,000.00

Required - Prepare the properly classified statement of financial position for YOUR DAWTER COMPANY as of December 31, 2021.

Reference no: EM133168457

Questions Cloud

Identifying and analyzing corporate social responsibility : Contrast the ethical managerial decisions based on your organization's priorities. Summarize how managerial responsibilities include ethical guidelines
Determine the appropriate amortization period : One of these intangible assets was acquired on 31 December 2018 at a cost of RM2,600,000. Determine the appropriate amortization period
Policy in the case of human trafficking : Topic to write about: The Relationship between Politics and Policy in the Case of Human Trafficking
Practice activity-theories of policing : Functions and responsibilities of police and law enforcement officers. Purposes and types of communications within policing
Prepare properly classified statement of financial position : Prepare the properly classified statement of financial position for YOUR DAWTER COMPANY as of December 31, 2021
What will be the firm cost of common equity : If the firm's beta is 0.8, the risk-free rate is 8%, and the average return on the market is 13%, what will be the firm's cost of common equity
What is the effective annual rate on the cheaper loan : The Somerset Bank offered Blakemore Inc. the following loan alternatives in response to its request for a $75,000, What is effective annual rate on cheaper loan
Types of challenges those on sex offender registry face : Describe three treatment methods and their effectiveness. Describe the types of challenges those on the sex offender registry face.
What are the payback period of this two investment : What are the payback period of this two investment? If you require a payback period of less than two years, which investment will you choose

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd