Exercise 1. The following information is available for company ABC as of 31December N:Land 500Additional paid in capital (share premium) 150Advance payments to suppliers (from which for inventories 200) 300Licenses 50Customers 600Prepayments 80Legal reserve 70Dividends payable 100Depreciation of plant and machinery 50Investments in associates 700Issued capital paid in (Share capital paid in) ??Sundry debtors 100Raw materials 60Plant and machinery 700Long term bank loans (of which becoming due in less than one year 150) 525Write downs of raw materials 5Cash at bank 30Provisions for guarantees to customers 500VAT payable 50Long term receivables
Exercise 1. The following information is available for company ABC as of 31December N:Land 500Additional paid in capital (share premium) […]