The following is an incomplete statement of financial position of Bruno Limited as at 31 December 2023: Bruno Limited. Statement of financial position as at 31 December 2023: ASSETS Non-current assets Property, plant and equipment Current assets Inventor Trade receivables Total assets Capital and reserves Share capital and reserves Issued share capital Accumulated profit Non-current liabilities Interest -bearing debt Current liabilities Trade and other payables Total equity and liabilities 2023 R Non-current assets. Equity Non-current liabilities: Equity 288 000 244 000 40 000 980 000 2023 2022 R 3.2.1 48 000 231 000 Additional information: Selected financial ratios calculated from the above financial statements are as follows: 2022 100 000 80 000 612 000 1.85:1 1.8.1

The following is an incomplete statement of financial position of Bruno Limited as at 31 December 2023: Bruno Limited. Statement of financial position as at 31 December 2023: ASSETS Non-current assets Property, plant and equipment Current assets Inventor Trade receivables Total assets Capital and reserves Share capital and reserves Issued share capital Accumulated profit Non-current liabilities Interest -bearing debt Current liabilities Trade and other payables Total equity and liabilities 2023 R Non-current assets. Equity Non-current liabilities: Equity 288 000 244 000 40 000 980 000 2023 2022 R 3.2.1 48 000 231 000 Additional information: Selected financial ratios calculated from the above financial statements are as follows: 2022 100 000 80 000 612 000 1.85:1 1.8.1

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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