Beruflich Dokumente
Kultur Dokumente
Problem 3.1
JENNY Merchandising
Statement of Financial Position
As of December 31, 2018
Assets
Current assets
Cash and cash equivalents (Note 1) ₱ 1,372,500
Trade and other receivables (Note 2) 2,137,500
Inventories 600,000
Held for trading securities 675,000
Prepaid expense (Note 3) 90,000
Advances to employees 150,000
Total current assets ₱ 5,025,000
Non-current assets
Property, plant and equipment (Note 4) ₱ 2,625,000
Long-term investment (Note 5) 1,350,000
Total non-current assets ₱ 3,975,000
Total assets ₱ 9,000,000