The following is the accounts found in the trial balance of Lei, Inc., an SME: 2020...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following is the accounts found in the trial balance of Lei, Inc., an SME: 2020 2019 Lease liabilities - current portion 24,979 21,185 19,699 19,901 Income and other taxes payable Selling and Administrative expense Financing charges - net Dividends Payable Current Portion of biological assets - net 85,972 45,344 82,110 38,304 4,116 4,042 4,151 4,245 Prepaid Expenses and other current assets Investment and advances - net Investment in equity and debt instruments Biological assets - net of current portion Intangible assets - net Other noncurrent assets 86,585 52,861 92,043 50,519 42,055 2,808 279,087 42,126 2,844 277,460 89,215 110,782 169,492 176,037 6,848 28,513 43,808 Loans payable Accounts Payable and accrued expenses 184,024 149,764 Other Income (Charges) - net Income tax expense (5,628) 24,468 Current maturities of long-term debt 55,697 Long-term debt - net of current portion Cash and Cash equivalents Lease liabilities - net of current portion Other noncurrent liabilities 638,996 286,457 117,269 47,457 26,630 192,328 229,781 561,918 243,150 122,367 47,283 Capital Share Share premium Retained earnings Trade and other receivables - net Inventories Treasury Shares 26,630 199,451 221,165 129,893 136,488 127,463 (116,283) 118,946 (109,501) Sales 1,020,502 1,024,943 818,815 463,614 Cost of Sales 825,748 594,372 Property, plant and equipment - net Right-of-use-assets - net Investment Property - net Equity in Net Earnings (Losses) of Associates Gain (Loss) on sale of investment 173,604 51,779 31,829 (289) (289) 105 (237) Required: Prepare Statement of Financial Position The following is the accounts found in the trial balance of Lei, Inc., an SME: 2020 2019 Lease liabilities - current portion 24,979 21,185 19,699 19,901 Income and other taxes payable Selling and Administrative expense Financing charges - net Dividends Payable Current Portion of biological assets - net 85,972 45,344 82,110 38,304 4,116 4,042 4,151 4,245 Prepaid Expenses and other current assets Investment and advances - net Investment in equity and debt instruments Biological assets - net of current portion Intangible assets - net Other noncurrent assets 86,585 52,861 92,043 50,519 42,055 2,808 279,087 42,126 2,844 277,460 89,215 110,782 169,492 176,037 6,848 28,513 43,808 Loans payable Accounts Payable and accrued expenses 184,024 149,764 Other Income (Charges) - net Income tax expense (5,628) 24,468 Current maturities of long-term debt 55,697 Long-term debt - net of current portion Cash and Cash equivalents Lease liabilities - net of current portion Other noncurrent liabilities 638,996 286,457 117,269 47,457 26,630 192,328 229,781 561,918 243,150 122,367 47,283 Capital Share Share premium Retained earnings Trade and other receivables - net Inventories Treasury Shares 26,630 199,451 221,165 129,893 136,488 127,463 (116,283) 118,946 (109,501) Sales 1,020,502 1,024,943 818,815 463,614 Cost of Sales 825,748 594,372 Property, plant and equipment - net Right-of-use-assets - net Investment Property - net Equity in Net Earnings (Losses) of Associates Gain (Loss) on sale of investment 173,604 51,779 31,829 (289) (289) 105 (237) Required: Prepare Statement of Financial Position
Expert Answer:
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
Students also viewed these accounting questions
-
The following account balances were included in the trial balance of Twain Corporation at June 30, 2022. The Retained Earnings account had a balance of $337,000 at July 1, 2021. There are 80,000...
-
Information about certain account balances in the trial balance of Tenn Corporation on December 31, 2016, follows: a. Balance in Raw Materials Inventory account that reflects the beginning balance,...
-
Information about certain account balances in the trial balance of Vol Corporation on December 31, 2019, follows: a. Balance in Raw Materials Inventory account that reflects the beginning balance,...
-
Did Hopkins materially misrepresent his health when applying for insurance? Does Golden Rule have the right to rescind his insurance policies?
-
Arton Management has five part-time employees, each of whom earns $165 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on...
-
In Exercises use Theorem 9.11 to determine the convergence or divergence of the p-series. Data from in Theorem 9.11 THEOREM 9.11 Convergence of p-Series The p-series n=1 1 1 1 = + + nP 1P 2P 1 3P + 1...
-
One of Gold Empire Ltds four departments has reported a loss of $80000 after deducting $204000 of expenses. Assume that only $130000 of the expenses can be eliminated if the department is...
-
The following jobs are waiting to be processed at Jeremy LaMontagnes machine center. Today is day 250. Using the critical ratio scheduling rule, in what sequence would the jobs beprocessed? Date Job...
-
Emily is traveling in Germany. Her rental car measures speed in km/h, but the road signs display speeds in mph. The speed limit on the autobahn is 130 km/h. What is this speed limit in mph? Give your...
-
10 6. 4. 5. 7. PROJECT STEPS Carla Arranga is a senior account manager at Ensight Healthcare Consultants, a consulting firm that works with hospitals, clinics, and other healthcare providers around...
-
To fully analyze a possible monopoly, we must precisely specify exactly which other sellers it competes with and the market(s) it operates in. Explain.
-
On a solo basis, PDQs P/E ratio is closest to: A. 19.6. B. 21.0. C. 24.5. Michael Wetstone is an equity analyst covering the software industry for a public pension fund. Prior to comparing the...
-
If the accounting rules were to change, Silk Roads assets would increase by approximately: A. 1,297. B. 1,576. C. 1,704. Sergei Leenid, CFA, is a long-only fixed income portfolio manager for the...
-
Based on the information available and Ruizs expectations regarding exchange rates, if the hryvnia is chosen as the Ukraine subsidiarys functional currency, Eurexim will most likely report: A. an...
-
Ignoring the impact of any accounting change, the asset turnover ratio for Colorful Concepts excluding the investments in associates would: A. stay the same. B. increase by 0.10. C. decrease by 0.10....
-
Based on Gelblums estimates, if Zimt is deemed to have joint control of Oxbow, and Zimt uses the proportionate consolidation method, its 31 December 2010 total liabilities (in millions) will most...
-
Ski Aus is a company that makes fashionable, high performance and expensive ski clothing (ski wear). Ski Aus has traditionally segmented the market by clothing type (e.g., ski pants, ski jackets,...
-
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
-
Referring to the revenue arrangement in BE18.6, determine the transaction price for the contract, assuming (a) Nair is only able to estimate whether or not the building can be completed by August 1,...
-
On August 15, 2022, Outkast Co. invested idle cash by purchasing a call option on Counting Crows Inc. ordinary shares for $360. The notional value of the call option is 400 shares, and the option...
-
At December 31, 2022, the held-for collection and selling debt portfolio for Steffi Graf SA is as follows. On January 20, 2023, Steffi Graf SA sold security A for 15,100. The sale proceeds are net of...
-
A positively charged particle creates the electric field shown in Figure 30. 20. When the kinks in the electric field lines reach the rod, what is the direction of the current induced in the rod?...
-
Suppose the current shown in Figure 30. 19 discharges the capacitor. What are the directions of \(\vec{E}\), \(\Delta \vec{E}\), and \(\vec{B}\) between the plates of the discharging capacitor? Data...
-
For the oscillating dipole of Figure 30. 14, sketch the electric field pattern at \(t=\frac{5}{4} T\). Data from Figure 30.14 0=1 t = T t=T 1=T O O D
Study smarter with the SolutionInn App