Sunland Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account...

  
 

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Sunland Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Accounts receivable Accumulated amortization-copyrights Accumulated amortization-development costs Accumulated depreciation-buildings Accumulated depreciation-equipment Accumulated depreciation-furniture Accumulated depreciation-vehicles Acquisitions of property, plant, and equipment Buildings Copyrights Depreciation and amortization expense Development costs Equipment Furniture Goodwill Impairment loss Land Trademarks Vehicles Amount $1,660 202 1,160 116 3,320 232 580 2,320 696 464 1,900 1,660 5,800 348 3,480 96 232 2,240 1,000 (a) Identify in which financial statement (statement of financial position, statement of income, or statement of cash flows) and in which section (for example, property, plant, and equipment in the statement of financial position) each of the items should be reported. Account Accounts receivable Accumulated amortization-copyrights Accumulated amortization-development costs Accumulated depreciation-buildings Accumulated depreciation-equipment Accumulated depreciation-furniture Accumulated depreciation-vehicles Acquisitions of property, plant, and equipment Buildings Copyrights Depreciation and amortization expense Development costs Equipment Financial Statement < < > Section < < < > < < Furniture Goodwill Impairment loss Land Trademarks Vehicles < < > > < < < < > Sunland Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Accounts receivable Accumulated amortization-copyrights Accumulated amortization-development costs Accumulated depreciation-buildings Accumulated depreciation-equipment Accumulated depreciation-furniture Accumulated depreciation-vehicles Acquisitions of property, plant, and equipment Buildings Copyrights Depreciation and amortization expense Development costs Equipment Furniture Goodwill Impairment loss Land Trademarks Vehicles Amount $1,660 202 1,160 116 3,320 232 580 2,320 696 464 1,900 1,660 5,800 348 3,480 96 232 2,240 1,000 (a) Identify in which financial statement (statement of financial position, statement of income, or statement of cash flows) and in which section (for example, property, plant, and equipment in the statement of financial position) each of the items should be reported. Account Accounts receivable Accumulated amortization-copyrights Accumulated amortization-development costs Accumulated depreciation-buildings Accumulated depreciation-equipment Accumulated depreciation-furniture Accumulated depreciation-vehicles Acquisitions of property, plant, and equipment Buildings Copyrights Depreciation and amortization expense Development costs Equipment Financial Statement < < > Section < < < > < < Furniture Goodwill Impairment loss Land Trademarks Vehicles < < > > < < < < >

Answer rating: 100% (QA)

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