The trial balance of Riverbed Ltd. at December 31, 2023, follows Cash Sales revenue FV-NI imesemans...

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The trial balance of Riverbed Ltd. at December 31, 2023, follows Cash Sales revenue FV-NI imesemans (Fair value) Cost of goods sold Bond investment at amortized cost FV-00 Notes payable (que in six months) Accounts payable Selling expenses Investment income or loss Land Buildings Dividends payable Income tax payable Accounts receivable Accumulated depreciation-buildings Allowance for expected credit losses Administrative expenses investments (fair value $515,000) Debits $255,000 163,000 6,000,000 419,000 463,000 2.560,000 270.000 1,340,000 715,000 940,000 Credits $10.083.000 112,000 725.000 16.000 46.000 102.000 352,000 42.000 Interest expense Inventory Gain on disposal of land Dividends Notes payable (due in five years) Equipment Bonds payable (due in three years) Accumulated depreciation-equipment Intangible assets-franchises (net) Common shares Intangible assets-patents (net) Retained earnings (opening) Accumulated other comprehensive income (opening) Totals 341,000 697,000 40,000 800,000 270,000 385,000 $15,658,000 "The investment income or loss relates to the FV-NI investments. 60,000 940,000 1,300,000 72,000 929,000 781,000 98,000 $15,658,000 Prepare a classified statement of financial position as at December 31, 2023. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.) The trial balance of Riverbed Ltd. at December 31, 2023, follows Cash Sales revenue FV-NI imesemans (Fair value) Cost of goods sold Bond investment at amortized cost FV-00 Notes payable (que in six months) Accounts payable Selling expenses Investment income or loss Land Buildings Dividends payable Income tax payable Accounts receivable Accumulated depreciation-buildings Allowance for expected credit losses Administrative expenses investments (fair value $515,000) Debits $255,000 163,000 6,000,000 419,000 463,000 2.560,000 270.000 1,340,000 715,000 940,000 Credits $10.083.000 112,000 725.000 16.000 46.000 102.000 352,000 42.000 Interest expense Inventory Gain on disposal of land Dividends Notes payable (due in five years) Equipment Bonds payable (due in three years) Accumulated depreciation-equipment Intangible assets-franchises (net) Common shares Intangible assets-patents (net) Retained earnings (opening) Accumulated other comprehensive income (opening) Totals 341,000 697,000 40,000 800,000 270,000 385,000 $15,658,000 "The investment income or loss relates to the FV-NI investments. 60,000 940,000 1,300,000 72,000 929,000 781,000 98,000 $15,658,000 Prepare a classified statement of financial position as at December 31, 2023. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)

Answer rating: 100% (QA)

Riverbed Ltd Statement of Comprehensive Income For the Year Ended December 31 2020 Sales 10083000 Less Cost of goods sold 6000000 Gross profit 4083000 ... View the full answer