= Review Test: ... Question 11, Post Test 4.1 Test Score: 85.53%, 16.25 of 19 points Points: 1 of 1 Close City Centre plc is an international property company. The buildings it owns are recorded in the statement of financial position (balance sheet) at 735m, being historical cost of 882m less accumulated depreciation of 147m. The recent report of a professional valuer has indicated that the property is valued at 973m on an open-market basis for its existing use. The company wishes to value the building at open-market value. Column 1 shows the statement of financial position of City Centre plc using historical cost valuation for the buildings. (Complete the necessary drop downs. Fill in the relevant cells with their corresponding figures.) Column Column 2 Buildings Buildings valued at cost valued at market value Statement of financial position (balance sheet) fm m 735 Building 973 Other assets less liabilities 665 665 1,400 1,638 Capital and reserves Ordinary shares 518 518 Revaluation reserve 238 Retained earnings 882 882 1,400 1,638 Next Terms of Use Privacy Policy Copyright 2021 Pearson Education Inc. All Rights Reserved s X TER LES