The consolidated SFP of Mutron Lock Incorpo-rated, is shown below. Required: For each of the items (a)
Question:
Required:
For each of the items (a) through (k) in the SFP above, calculate the amount that should appear for thatitem.
Transcribed Image Text:
MUTRON LOCK INCORPORATED Consolidated Statement of Financial Position As of 31 December 20X5 Assets Current assets 10,195 Cash and cash equivalents Marketable securities Accounts receivable $153,682 Allowance for doubtful accounts Inventories Prepaid expenses 147,421 201,753 8,902 Total current assets Noncurrent assets Land 12,482 Building (net) Equipment and machinery 195,467 (103.675)91,79 Accumulated depreciation Total capital assets 261,056 14,873 Investments Other assets Total assets Liabilities and shareholders' equity 61.774 Current liabilities Accounts payable 85,476 Notes payable Income taxes payable Current portion of long-term debt Accrued expenses 6,421 4,893 654 110,763 122,004 Total current liabilities Long-term debt Deferred income taxes Total liabilities Shareholders' equity Preferred shares, no-par value (authorized 10,000 shares, issued 2,400 shares for $14,281) Common shares, no-par value (authorized 400,000 shares, issued 20,000 shares) Total contributed capital Retained earnings Total Mutron Lock Inc. shareholders equity Non-controlling interest in subsidiaries 206,471 347,668 35,136 382804 Consolidated shareholders' equity Total liabilities and shareholders' equity
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a 9648 b 6261 c 37...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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