Activity No.

3 - Statement of Financial Position

Direction/s: Prepare the Statement of Financial Position with supporting notes accordingly.

1. How much is the total cash and cash equivalents? P 10,175,000

2. How much is the total inventory? P 2,000,000
3-4. How much is the total property, plant and equipment? P 3,700,000
5-6. How much is the total intangible assets? P 1,800,000
How much is the total current asset of the entity? P 14,375,000
7-8. How much is the total non-current asset of the entity? P 15,500,000
How much is the total current liability of the entity? P 4,500,000
9-10. How much is the total non-current liability of the entity? P 4,500,000
How much is the total asset of the entity? P 29,875,000

Alpha Trading
Below are the accounts for the Year ended December 31, 2016
Land used as plant site 1,000,000
Accumulated depreciation - Vehicle -200,000
Accounts Payable 2,000,000
Patents 1,000,000
Cash in Banco de Uno 8,000,000
Finished Goods 1,000,000
Notes Payable 1,000,000
Cash in Metro de Dos 2,000,000
Notes Receivables 200,000
Vehicles 2,000,000
Accumulated depreciation - Patent -100,000
Land Held for Fair Value Appreciation 10,000,000
Long-Term Debt 5,000,000
porting notes accordingly.

ents? P 10,175,000
0
quipment? P 3,700,000
1,800,000
ntity? P 14,375,000
he entity? P 15,500,000
entity? P 4,500,000
of the entity? P 4,500,000
29,875,000

mber 31, 2016

Interest Payable 100,000
Capital 20,875,000
Change Cash Fund 25,000
Income Tax Payable 900,000
Work in Progress 400,000
Trademarks 1,000,000
Accumulated depreciation - Fixtures -100,000
Cash Equivalents 100,000
Accumulated depreciation - Trademark -100,000
Petty Cash Fund 50,000
Fixtures 1,000,000
Raw Materials 600,000
Accounts Receivables 2,000,000
 Note 1 Composition of Cash and Cash Equivalents
Cash in Banco de Uno P 8,000,000
Cash in Metro de Dos 2,000,000
Petty Cash Fund 50,000
Change Cash Fund 25,000
Cash Equivalents 100,000
Total Cash and Cash Equivalents P 10,175,000

STATEMENT OF FINANCIAL POSITON WITH SUPPORTING

NOTES

Cash in Banco de Uno 8,000,000

Cash in Metro de Dos 2,000,000
Petty Cash Fund 50,000
Change Cash Fund 25,000
Cash Equivalents 100,000
Accounts Receivables 2,000,000
Notes Receivables 200,000
Raw Materials 600,000
Work in Progress 400,000
Finished Goods 1,000,000
Land used as plant site 1,000,000
Vehicles 2,000,000
Accumulated depreciation- Vehicle -200,000
Fixtures 1,000,000
Accumulated depreciation- Fixtures -100,000
Patents 1,000,000
Accumulated depreciation- Patent -100,000
Trademarks 1,000,000
Accumulated depreciation- Trademark -100,000
Land Held for Fair Value Appreciation 10,000,000
Accounts Payable 2,000,000
Notes Payable 1,000,000
Interest Payable 100,000
Income Tax Payable 900,000
Long-Term Debt 5,000,000
Capital 20,875,000
 NOTE 2 COMPOSITION OF INVENTORIES
Raw Materials P 600,000
Work in Progress 400,000
Finished Goods 1,000,000
TOTAL INVENTORIES P 2,000,000

ALPHA TRADING STATEMENT OF

FINANCIAL POSITION DECEMBER 31, 2015

ASSETS
Current Assets
Cash and Cash Equivalent Note 1 P 10,175,000
Notes Receivables 200,000
Accounts Receivables 2,000,000
Inventories Note 2 2,000,000
Total Current Assets P 14,375,000
Non-Current Assets
Property, Plants and Equipment Note 3 3,700,000
Investment Property 10,000,000
Intangible Assets Note 4 1,800,000
Total Non-Current Assets P 15,500,000
Total Assets P 29,875,000
LIABILITIES AD EQUITY
Current Liabilities
Accounts Payable P 2,000,000
Notes Payable 1,000,000
Current Portion of Long-Term Debt Note 5 500,000
Income Tax Payable 900,000
Interest Payable 100,000
Total Current Liabilities P 4,500,000
Non-Current Liabilities
Long-Term Debt Note 5 P 4,500,000
OWNER'S EQUITY
Alpha Capital P 20,875,000
TOTAL LIABILITIES AND EQUITY P 29,875,000
 NOTE 3 COMPOSITION OF PPE
land Building and plant
Cost 1,000,000 2,000,000
Accumulated Depreciation -------------- -200,000
Carrying value 1,000,000 1,800,000

NOTE 4 INTANGIBLE ASSETS

PATENTS TRADEMARKS
Cost 1,000,000 1,000,000
Accumulated Depreciation -100,000 -100,000
CARRYING VALUE 900,000 900,000

NOTE 5 LONG TERM DEBT SCHEDULE

Long-term Debt
Current portion 500,000
Non-Current portion 5,000,000
TOTAL 4,500,000
OF PPE
Fixtures Total
1,000,000 4,000,000
-100,000 300,000
900,000 3,700,000

TOTAL
2,000,000
-200,000
1,800,000