How much does total financial asset valueshow in the statement of financial position ifthere are financial assets and their information as follows:
- Cash $1,500
- Deposit at 24 months fixed account $5,000.
- Purchase stocks from the market for 1,000shares at $100 per share but the price of thestocks change to be $105 per share.
- Account Receivable $10,000 which isexpected 20% as bad debt amount.
- Inventory $20,000 which has their marketprice as $19,900.

Answer rating: 100% (QA)

Cash 1500 Deposit at 24 months fixed account 5000 Purchase stocks from the m... View the full answer