please answer clearly with good working

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please answer clearly with good working

i will leave a thumbs up :)

i hope this is clearer. this is the only information given in this question. please answer clearly with good working

i will leave a thumbs up :)

The following statement of financial position was prepared by the bookkeeper for Caribbean Pepper Company as of December 31,2011. The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9.400, and a bank overdraft of $2,500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $4,000; (c) allowance for doubtful accounts $3,800. 3. Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4. Investments include investments in share capital-ordinary, trading $19,000 and availablefor-sale $48,300, and franchises $9,000. 5. Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000. 6. Shareholders' equity includes 100,000 shares of ordinary share capital with a par value of $1 and 10,000 preferred shares with a $5 par value. Required: a. Prepare a statement of financial position in good form. (14 marks) b. Identify and briefly explain two fundamental qualities and one enhancing quality of useful accounting information according to the IASB's Conceptual Framework. (6 marks) The following statement of financial position was prepared by the bookkeeper for Caribbean Pepper Company as of December 31, 2011. The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $4,000; (c) allowance for doubtful accounts $3,800. 3. Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4. Investments include investments in share capital-ordinary, trading $19,000 and availablefor-sale $48,300, and franchises $9,000. 5. Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000. 6. Shareholders' equity includes 100,000 shares of ordinary share capital with a par value of $1 and 10,000 preferred shares with a \$5 par value. Required: a. Prepare a statement of financial position in good form. (14 marks) b. Identify and briefly explain two fundamental qualities and one enhancing quality of useful accounting information according to the IASB's Conceptual Framework. (6 marks) The following statement of financial position was prepared by the bookkeeper for Caribbean Pepper Company as of December 31,2011. The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9.400, and a bank overdraft of $2,500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $4,000; (c) allowance for doubtful accounts $3,800. 3. Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4. Investments include investments in share capital-ordinary, trading $19,000 and availablefor-sale $48,300, and franchises $9,000. 5. Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000. 6. Shareholders' equity includes 100,000 shares of ordinary share capital with a par value of $1 and 10,000 preferred shares with a $5 par value. Required: a. Prepare a statement of financial position in good form. (14 marks) b. Identify and briefly explain two fundamental qualities and one enhancing quality of useful accounting information according to the IASB's Conceptual Framework. (6 marks) The following statement of financial position was prepared by the bookkeeper for Caribbean Pepper Company as of December 31, 2011. The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $4,000; (c) allowance for doubtful accounts $3,800. 3. Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. 4. Investments include investments in share capital-ordinary, trading $19,000 and availablefor-sale $48,300, and franchises $9,000. 5. Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000. 6. Shareholders' equity includes 100,000 shares of ordinary share capital with a par value of $1 and 10,000 preferred shares with a \$5 par value. Required: a. Prepare a statement of financial position in good form. (14 marks) b. Identify and briefly explain two fundamental qualities and one enhancing quality of useful accounting information according to the IASB's Conceptual Framework. (6 marks)