ASSIGNMENT $5$

Question $5$

Riverbed Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion:

$($a$)$

Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance

Assume that the accumulated depreciation balance for the buildings is $$250,000$ and that the accumulated depreciation balance for the equipment is $$195,000.$ The allowance for expected credit losses

has a balance of $$30,000.$ The pension obligation is considered a long$-$term liability. $($List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings, and Equipment.$)$