From the following information, prepare a balance sheet, appropriately classified, as at 30 June 2016 for PSM
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From the following information, prepare a balance sheet, appropriately classified, as at 30 June 2016 for PSM Limited.
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Share capital Cash Accounts payable Investments ($3371 000 held for short-term investment) Retained profits Prepayments Accounts receivable Long-term borrowings Inventory Provisions for employee entitlements ($30919 000 due within one year) Property, plant and equipment Other long-term assets Other receivables (due in more than one year] $000 108518 11636 43 091 5458 28546 3958 47515 30866 66 479 34 888 67760 42742 361
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Based on the information provided in the image well construct a classified balance sheet for PSM Limited as of June 30 2016 A balance sheet comprises ...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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