Balance Sheet (all values in £) Assets Cash Deposits with other Fls Investments (OECD gov. bonds) Repo Agreement Loans Premises ΤΑ Income Statement (all values in £) Interest Income Interest Expenses Provision for Loan Losses Non Interest Income Non interest Expense Taxes 150 1,500 15,000 1,400 17,225 1,865 34,790 2,700 1,650 180 2,120 1,000 90 Liabilities Deposits Rev Repo Agreements Equity TL 21,000 9,700 4,090 34,790

Balance Sheet (all values in £) Assets Cash Deposits with other Fls Investments (OECD gov. bonds) Repo Agreement Loans Premises ΤΑ Income Statement (all values in £) Interest Income Interest Expenses Provision for Loan Losses Non Interest Income Non interest Expense Taxes 150 1,500 15,000 1,400 17,225 1,865 34,790 2,700 1,650 180 2,120 1,000 90 Liabilities Deposits Rev Repo Agreements Equity TL 21,000 9,700 4,090 34,790

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.10E

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The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…
The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…