Presented below is the trial balance of Vivaldi SpA at December 31, 2022. Instructions Prepare a statement
Question:
Presented below is the trial balance of Vivaldi SpA at December 31, 2022.
Instructions
Prepare a statement of financial position at December 31, 2022, for Vivaldi SpA. Ignore income taxes.
Transcribed Image Text:
Debit Credit Cash € 197,000 Sales Revenue € 7,900,000 Trading Securities (at cost, €145,000) 153,000 Cost of Goods Sold 4,800,000 Long-term Investments in Bonds 299,000 Long-term Investments in Shares 277,000 Notes Payable (short-term) Accounts Payable 90,000 455,000 Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 352,000 Allowance for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventory 597,000 Pension Liability (long-term) 80,000 Notes Payable (long-term) 900,000 Equipment Bonds Payable Accumulated Depreciation-Equipment 600,000 1,000,000 60,000 Franchises 160,000 Share Capital-Ordinary (€5 par) 1,000,000 Treasury Shares 191,000 Patents 195,000 Retained Earnings 78,000 Accumulated Other Comprehensive Income 80,000 Total €12,315,000 €12,315,000
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Sales RevenueA 790000000 Cost of goods soldB 480000000 Gros...View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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