3-With the following account balances prepa company Johann\'s S A. of C.V. as of

Question

3-With the following account balances prepa company Johann's S A. of C.V. as of April 30, 2007, first in the form of an account and later in the form of a report Profit for the year S 784,000 Documents payable L.P $ 60,000,000 Inventory of goods $ 9,000,000 Cash $ 5,968,000 Social Capital $ 100,000,000 Customers $ 11,000,000 Prepaid insurance $ 96,000 Documents Receivable $ 1,400,000 Documents to Pay $ 1,804,000 Buildings S 90,000,000. Computer equipment $ 622,000 Distribution team S 18,000,000 Patents $ 600,000 Taxes paid $ 600,000 Office Furniture and Equipment $ 600,000 Suppliers $ 4,000,000 Land $ 50,000,000 Miscellaneous creditors $ 98,000

Explanation / Answer

Statement of Financial Position of the Company Johann

I think information given in the question is incomplete, therefore the statement of financial posotion is not matched

Assets Amount in $ Fixed Assets Tangible Assets Buildings 90,000,000 Computer Equipment 622,000 Land 50,000,000 Office Furniture and Equipment 600,000 Distribution Team 18,000,000 Intangible Assets Patents 600,000 Current Assets Inventory of goods 9,000,000 Cash 5,968,000 Customers 11,000,000 Prepaid insurance 96,000 Documents Receivable 1,400,000 Total Assets 187,286,000 Equity and Liabilities Amount in $ Capital and Reserves Social Capital 100,000,000 Profit for the year 784,000 Taxes Paid (600,000) 184,000 Current Liabilities Documents Payable L.P. 60,000,000 Documents to pay 1,804,000 Suppliers 4,000,000 Miscellaneous Creditors 98,000 Total Equity and liabilities 166,086,000

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