Koch Corporations adjusted trial balance contained the following asset accounts at December 31, 2015: Cash 7,000, Land
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Koch Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2015: Cash €7,000, Land €40,000, Patents €12,500, Accounts Receivable €90,000, Prepaid Insurance €5,200, Inventory €30,000, Allowance for Doubtful Accounts €4,000, and Trading Securities €11,000.
Prepare the current assets section of the statement of financial position, listing the accounts in the sequence shown.
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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