Help me to answer the following requirements. Thank you P2-4. The balance sheet of Argentum Company is presented below:Assets2020P 160,000580,000340,0002,350,000P3,270,000CashTrade receivablesInventoryProperty, plant and equipment (net)Total assetsLiabilities and Shareholders' EquityAccounts payableLong-term bonds payableOrdinary sharesRetained earningsTotal liabilities and shareholders' equity420,000900,0001,500,000450,000P3,270,000 The owners of Argentum Company is looking at how much they can sell thecompany. They are assessing how much is the range of the firm value baseon company assets. A third-party appraisal was made for property, plant andequipment which resulted with the following findings: property and buildingswith book value of P1,000,000 has market value of P1,500,000, Theremaining portion is for equipment which was deemed can be replaced at80% of its book value. Other assets and liabilities approximate theirreplacement values.Compute for the following:1. Book value of Argentum Company2. Replacement cost of property, plant and equipment3. Replacement value of Argentum Company

The Balance Sheet of a company for the year 2020 is given.

P2-4. The balance sheet of Argentum Company is presented below: Assets 2020 P 160,000 580,000 340,000 2,350,000 P3,270,000 Cash Trade receivables Inventory Property, plant and equipment (net) Total assets Liabilities and Shareholders' Equity Accounts payable Long-term bonds payable Ordinary shares Retained earnings Total liabilities and shareholders' equity 420,000 900,000 1,500,000 450,000 P3,270,000

P2-4. The balance sheet of Argentum Company is presented below: Assets 2020 P 160,000 580,000 340,000 2,350,000 P3,270,000 Cash Trade receivables Inventory Property, plant and equipment (net) Total assets Liabilities and Shareholders' Equity Accounts payable Long-term bonds payable Ordinary shares Retained earnings Total liabilities and shareholders' equity 420,000 900,000 1,500,000 450,000 P3,270,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.3.1P: Effect of transactions on current position analysis Data pertaining to the current position of...

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