In January of 2020 Jack Daniels invested $ 200 000 from his private savings account into...
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In January of 2020 Jack Daniels invested $ 200 000 from his private savings account into his business bank account. At the end of first year which ended 31 December 2020 Jack Daniels received a $400 000 loan from his banker to expand the business. He presented the following information at the end of the year Motor vehicles Inventory Bank balance (Included loan amount) Office furnishing Trade receivables Trade payables Telephone bill unpaid Loan (repayable 2030) $ 300 000 Answer: 70 000 415.000 40 000 85 000 90 000 3.000 400 000 The entity's total non-current asset value is $.................. Exclude $, and space. Example $5, 600 input as 6500 In January of 2020 Jack Daniels invested $ 200 000 from his private savings account into his business bank account. At the end of first year which ended 31 December 2020 Jack Daniels received a $400 000 loan from his banker to expand the business. He presented the following information at the end of the year Motor vehicles Inventory Bank balance (Included loan amount) Office furnishing Trade receivables Trade payables Telephone bill unpaid Loan (repayable 2030) $ 300 000 Answer: 70 000 415.000 40 000 85 000 90 000 3.000 400 000 The entity's total non-current asset value is $.................. Exclude $, and space. Example $5, 600 input as 6500
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To calculate the entitys total noncurrent asset value we need to sum up the values of m... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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