Reference no: EM132840920
The following accounts appear on the adjusted trial balance of Apple Company on December 31, 2020:
Petty cash fund 10,000
Payroll fund 100,000
Interest fund 20,000
Sinking fund cash 500,000
Sinking fund securities 1,000,000
Accrued receivable - sinking fund security 50,000
Plant expansion fund 600,000
Cash surrender value 150,000
Investment property 3,000,000
Preference Redemption Fund 2,000,000
Advances to subsidiary 200,000
Dividend fund 30,000
Investment in joint venture 2,000,000
Required:
Problem 1: What is the total non-current asset of Apple Company on December 31, 2020?
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