FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Based on the information below of FDNACCT Co., how much should be
recorded as total assets in the Statement of Financial Position?
Long-term Payable
Notes Payable
Property, Plant and
Equipment
Accounts Receivable
Accounts Payable
Accumulated Depreciation
Cash
Unearned Income
Notes Receivable
Prepaid Insurance
Accrued Expense
Accrued Revenue
P500,000
120,000
821,000
59,000
65,000
133,000
75,000
15,345
248,000
58,700
37,890
159,840
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Transcribed Image Text:Based on the information below of FDNACCT Co., how much should be recorded as total assets in the Statement of Financial Position? Long-term Payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Unearned Income Notes Receivable Prepaid Insurance Accrued Expense Accrued Revenue P500,000 120,000 821,000 59,000 65,000 133,000 75,000 15,345 248,000 58,700 37,890 159,840
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