ABC company provided the accounting information as at 30 June

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Practice Problems

ABC company provided the accounting information as at 30 June 2019 (in $)

Note 1: the short-term investment (marketable securities) can be converted to cash within 2 months.

Note 2: The mortgage will be repaid on May 2022.

Note 3: Dividends of $1,700 were paid to the investors at the end of this year.

Hint

Accounts and Finance Accounting information gives a summary of the financial standing of an organization at a particular time. The information is then used by stakeholders like investors, shareholders, and owners in identifying and dealing with business problems and making decisions on the remedies to be executed. ...

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