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Match the selected sections of IASB-proposed statement of financial position (letters) with their respective components (numbers). a. Short-term assets b. Long-term assets c. Short-term liabilities d....

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Match the selected sections of IASB-proposed statement of financial position (letters) with their respective components (numbers).
a. Short-term assets
b. Long-term assets
c. Short-term liabilities
d. Long-term liabilities
e. Investing assets
f. Financing assets
g. Short-term financing liabilities
h. Discontinued Operations
1. Accrued pension liability
2. Cash
3. Accounts receivable, trade
4. Wages payable
5. Available-for-sale financial assets
6. Foreign exchange contracts- cash flow hedge
7. Accounts payable, trade
8. Inventory
9. Short-term borrowing
10. Assets held for sale
11. Prepaid advertising
12. Goodwill
13. Interest payable
14. Advances from customers
15. Property, plant and equipment
16. Dividends payable
17. Interest payable on lease liability

Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
123 Votes
SOLUTION:
a. Short-term assets: Accounts Receivable, trade (3), Inventories (8), Prepaid Advertising
(11)
. Long-term assets: Goodwill (12), Property, plant and equipment (15)
c. Short-term liabilities: Wages Payable (4), Accounts Payable (7), Advances from
customers (14), Interest...
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