QUESTION $2($BLUE BOOK$)$

$25$ MARKS

MTN Ltd presented the following balance sheet and additional information in $2015.$

MTN

Balance Sheet as at $31$ December $2015$

$\backslash$table$[[$Assets$,2015,2014],[$Cash$,30000,50000],[$Accounts receivables,$410000,460000],[$Inventory$,300000,320000],[$Prepaid expenses,$20000,15000],[$Long$-$term investments,$50000,25000],[$Land$,560000,300000],[$Buildings and equipment,$2000000,1900000],[$Accumulated depreciation,$-800000,-770000],[$TOTAL ASSETS,$2570000,2300000]]$

$\backslash$table$[[$Liabilities QUESTION $2($BLUE BOOK$)$

$25$ MARKS

MTN Ltd presented the following balance sheet and additional information in $2015.$

MTN

Balance Sheet as at $31$ December $2015$

$\backslash$table$[[$Assets$,2015,2014],[$Cash$,30000,50000],[$Accounts receivables,$410000,460000],[$Inventory$,300000,320000],[$Prepaid expenses,$20000,15000],[$Long$-$term investments,$50000,25000],[$Land$,560000,300000],[$Buildings and equipment,$2000000,1900000],[$Accumulated depreciation,$-800000,-770000],[$TOTAL ASSETS,$2570000,2300000]]$

$\backslash$table$[[$Liabilities