The financial statements of prosperous company appear below

Reference no: EM13581333

The financial statements of Prosperous Company appear below. All are in thousand Rupiahs. You are also provided with the following additional data:

1. Dividends declared and paid were Rp1.400.000.000

2. The number of common stock outstanding is 1,000,000 shares.

3. During the year, equipment was sold for Rp1.200.000.000 cash. This equipment cost Rp2.800.000.000 originally and had a book value of Rp1.200.000.000 at the time of sale.

4. All depreciation expense is in the selling expense category.

5. All sales and purchases are on account.

6. Accounts payable pertain to merchandise suppliers.

7. All operating expenses except for depreciation were paid in cash.

Reference no: EM13581333

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