Hello! dear expert can you help me with full working and steps? Thanks you very very much.Answer in text. The trial balance of Bramble Ltd. at December 31, 2023, follows:CashSales revenueFV-NI investments (at fair value)Cost of goods soldBond investment at amortized costFV-OCI investments (fair value $385,000)Notes payable (due in six months)Accounts payableSelling expensesInvestment income or lossLandBuildingsDividends payableIncome tax payableAccounts receivableAccumulated depreciation-buildingsAllowance for expected credit lossesAdministrative expensesInterest expenseInventoryGain on disposal of landDividendsNotes payable (due in five years)EquipmentBonds payable (due in three years)Accumulated depreciation-equipmentIntangible assets-franchises (net)Common sharesIntangible assets-patents (net)Retained earnings (opening)Accumulated other comprehensive income (opening)TotalsDebits$265,000203,0006,300,000429,000315,0001,960,000310,0002,340,000635,0001,020,000371,000877,00040,000700,000340,000245,000$16,350,000Credits$9,922,000114,000775.00011,00056,000112,000252,00028,00050,0001.020,0001,800,00069,000819,0001,222,000100,000$16,350,000 The investment income or loss relates to the FV-NI investments.(a)Prepare a classified statement of financial position as at December 31, 2023. Ignore income taxes. (List Current Assets in order ofliquidity List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)Bramble Ltd.nt of Financial PositionStatement ofAssetsLiabilities and Shareholders' Equity$

It is the detailed presentation of balance sheet in which the components of a balance sheet are…

The trial balance of Bramble Ltd. at December 31, 2023, follows: Cash Sales revenue FV-NI Investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCI investments (fair value $385,000) Notes payable (due in six months) Accounts payable Debits $265,000 203,000 6.300,000 429,000 315,000 Credits $9,922,000 114,000 775.000

The trial balance of Bramble Ltd. at December 31, 2023, follows: Cash Sales revenue FV-NI Investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCI investments (fair value $385,000) Notes payable (due in six months) Accounts payable Debits $265,000 203,000 6.300,000 429,000 315,000 Credits $9,922,000 114,000 775.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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