urrent assets xed assets $30,000,000 70,000,000 Current liabilities Notes payable $100,000,000 Long-term debt Common stock (1 million shares) Retained earnings Total liabilities and equity $20,000 10,000 30,000 1,000 39,000 $100,000 otal assets he notes payable are to banks, and the interest rate on this debt is 9%, the same as the rate on new bank loa hese bank loans are not used for seasonal financing but instead are part of the company's permanent capital

Kingbird, Inc. owns the following assets at December 31, 2020: Cash in bank savings account   $47,000   Chequing account balance   $30,000 Cash on hand   14,000   Postdated cheque from Blossom Company   440 Refund due (overpayment of income taxes)   30,000   Cash in a foreign bank (CAD equivalent)   88,000 Preferred shares acquired shortly before their fixed maturity date   15,000   Debt instrument with a maturity date of three months from the date acquired   11,000 (a1)If Kingbird follows ASPE and follows a policy of including all possible items in cash and cash equivalent, what amount should be reported as cash and cash equivalents? (Do not leave any answer field blank. Enter 0 for amounts.) Cash and cash equivalents under ASPE   $enter Cash and cash equivalents under ASPE in dollars  (a2)If Kingbird follows IFRS what amount should be reported as cash and cash equivalents? Cash and cash equivalents under IFRS   $enter Cash and cash equivalents…

PB3. 13.2 Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What is the total amount of interest expense over the life of the bonds?

MC Qu. 12-110 Augusta Company reported that its bonds. Augusta Company reported that Its bonds with a face value of $62,000 and a carrylng value of $56,000 are retired for $62,000 cash. The amount to be reported under cash flows from financing activitles is: Multiple Cholce ($68,000) ($6.000) ($62,000) $0; this is an operating activity.