The financial balance sheet prepared as at 31/12/2022 by the accountant of the company X; revealed...
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The financial balance sheet prepared as at 31/12/2022 by the accountant of the company "X"; revealed that the net global working capital amounted to LBP 600,000,000. If you know that the accountant when preparing the financial balance sheet as at 31/12/2022 did not treat the following: Establishment expenses: LBP 120,000,000 (net value) →→Charges to be spread over several financial period LBP 40,000,000 (net value). Plus; value of fixed assets of LBP 60,000,000. Long terms liabilities amounted to LBP 48,000,000 due on February 2023. Strategic stock amounted to LBP 28,000,000. - - Bounds premium amounted to LBP 20,000,000. Clients amounted to LBP 30,000,000 will be collected during 2024. Required 1) Calculate the 3 masses of the financial balance e sheet: Fixed assets, Proper capital and long-term liabilities. (Show the proper movements) 2) Recalculate the net global working capital in a suitable way by taking the above information into consideration. The financial balance sheet prepared as at 31/12/2022 by the accountant of the company "X"; revealed that the net global working capital amounted to LBP 600,000,000. If you know that the accountant when preparing the financial balance sheet as at 31/12/2022 did not treat the following: Establishment expenses: LBP 120,000,000 (net value) →→Charges to be spread over several financial period LBP 40,000,000 (net value). Plus; value of fixed assets of LBP 60,000,000. Long terms liabilities amounted to LBP 48,000,000 due on February 2023. Strategic stock amounted to LBP 28,000,000. - - Bounds premium amounted to LBP 20,000,000. Clients amounted to LBP 30,000,000 will be collected during 2024. Required 1) Calculate the 3 masses of the financial balance e sheet: Fixed assets, Proper capital and long-term liabilities. (Show the proper movements) 2) Recalculate the net global working capital in a suitable way by taking the above information into consideration.
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To calculate the three masses of the financial balance sheet Fixed assets Proper capital and longter... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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