Prepare a Statement of Financial Position and Statement of Comprehensive Income as of 31st December 2020,...

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Prepare a Statement of Financial Position and Statement of Comprehensive Income as of 31st December 2020, for the Avengers Lookalike Bhd. from the following list of information: Item RM 15,800 Accrued expenses Accounts receivable 457,500 Accounts payable 204,000 Accumulated depreciation 526,000 Buildings and equipment 1,790,000 Cash 450,000 Costs of goods sold 594,000 Depreciation 132,000 General and administrative expenses 158,000 Interest expense 9,500 Long-term debt 668,000 Notes payable (long term) 150,000 Ordinary shares 578,000 Prepaid expenses 29,000 Retained earnings (brought forward) 525,800 Sales 1,146,000 Stocks 198,600 Taxation 101,000 Taxation payable 106,000 Prepare a Statement of Financial Position and Statement of Comprehensive Income as of 31st December 2020, for the Avengers Lookalike Bhd. from the following list of information: Item RM 15,800 Accrued expenses Accounts receivable 457,500 Accounts payable 204,000 Accumulated depreciation 526,000 Buildings and equipment 1,790,000 Cash 450,000 Costs of goods sold 594,000 Depreciation 132,000 General and administrative expenses 158,000 Interest expense 9,500 Long-term debt 668,000 Notes payable (long term) 150,000 Ordinary shares 578,000 Prepaid expenses 29,000 Retained earnings (brought forward) 525,800 Sales 1,146,000 Stocks 198,600 Taxation 101,000 Taxation payable 106,000

Answer rating: 100% (QA)

Avengers Lookalike Bhd Statement of Comprehensive Income as of 31 December 2020 Sales 1146000 Less C... View the full answer