Using your answers to exercise S4 14, show how the Assiniboine Credit Union will report the following a Whatever needs to be reported on the bank 's classified balance sheet at December 31, 2016 (Ignore Cash) b Whatever needs to be reported on the bank 's income statement for the year ended Decembe...

a BALANCE SHEET December 31 2016 Current assets Note receivable 6000 In ...

Using your answers to exercise S4-14, show how the Assiniboine Credit Union will report the following: a.

Question:

Using your answers to exercise S4-14, show how the Assiniboine Credit Union will report the following:
a. Whatever needs to be reported on the bank's classified at December 31, 2016. (Ignore Cash).
b. Whatever needs to be reported on the bank's income statement for the year ended December 31, 2016.
c. Whatever needs to be reported on the bank's classified at December 31, 2017. (Ignore Cash).
d. Whatever needs to be reported on the bank's income statement for the year ended December 31, 2017.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...