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  • 4 Statement of Financial Position

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    The statement of financial position of Malou Ang Appliances Corporation as of December 31, 2020 shows total assets of $10,658,035.27 including current assets of $3,563,801.94 such as cash, receivables, inventories, and prepaid expenses. Total liabilities are $5,492,934.73 comprising current liabilities of $1.00 and non-current liabilities of $3,461,014.73. Total equity is $5,165,101.54 with share capital of $5,000,000.00 and retained earnings of $165,101.54.

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    The statement of financial position of Malou Ang Appliances Corporation as of December 31, 2020 shows total assets of $10,658,035.27 including current assets of $3,563,801.94 such as cash, receivables, inventories, and prepaid expenses. Total liabilities are $5,492,934.73 comprising current liabilities of $1.00 and non-current liabilities of $3,461,014.73. Total equity is $5,165,101.54 with share capital of $5,000,000.00 and retained earnings of $165,101.54.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    15 views4 pages

    4 Statement of Financial Position

    Uploaded by

    czymon
    The statement of financial position of Malou Ang Appliances Corporation as of December 31, 2020 shows total assets of $10,658,035.27 including current assets of $3,563,801.94 such as cash, receivables, inventories, and prepaid expenses. Total liabilities are $5,492,934.73 comprising current liabilities of $1.00 and non-current liabilities of $3,461,014.73. Total equity is $5,165,101.54 with share capital of $5,000,000.00 and retained earnings of $165,101.54.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Malou Ang Appliances Corporation

    Statement of Financial Position


    As of December 31, 2020

    ASSETS

    Current Assets
    Cash and Cash Equivalents(Note 1)
    Trade and Other Receivables(Note 2)
    Inventories(Note 3)
    Prepaid Expenses(Note 4)
    Trading Securities
    Total Current Assets

    Non Current Assets


    Property, Plant and Equipment(Note 5)

    Total Assets

    LIABILITIES

    Current Liabilities
    Trade and Other Payables(Note 6)

    Non Current Liabilities


    Long Term Notes(Note 7)

    Total Liabilities

    Equity
    Equity
    Share Capital
    Retained Earnings
    Total Equity
    Total Liabilities and Owners' Equity
    rporation
    osition
    020

    442,960.00
    1,336,836.11
    1,484,220.00
    120,085.83
    179,700.00
    3,563,801.94

    7,094,233.33

    10,658,035.27

    1.00

    3,461,014.73

    2,031,920.00

    5,492,934.73

    5,000,000.00
    165,101.54
    5,165,101.54
    10,658,036.27

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