In what section of the statement of financial position should the following items appear, and what statement
Question:
a. Treasury shares (recorded at cost).
b. Checking account at bank.
c. Land (held as an investment).
d. Sinking fund.
e. Provision for warranties (short-term).
f. Copyrights.
g. Pension fund assets.
h. Share capital-ordinary.
i. Long-term investments (pledged against bank loans payable).
j. Non-controlling interest (minority interest).
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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