question archive 1) Mueva Vizcaya Company
Subject:AccountingPrice: Bought3
1) Mueva Vizcaya Company.r has the following accounts 4. How should the sinking fund be reported in the included in its December 3.1. trial balance: company's balance sheet at December 31? FAQ] WTPL P1. 000 000 a. The cash in the sinking Fund should appear as a F?u?] FIHI'TDCI 2,000,000 current asset. FA@AC 3 000 000 b. Only the accumulated deposits should appear as a Investment in associate 4,000,000 noncurrent asset. Interest rate swap receivable 100 000 c. The entire balance in the sinking fund account Forward contract receivable 200,000 should appear as a current aSSEt' Futures contract receivable 250,000 d. The entire balance in the sinking fund account Call ?ptign 150,000 should appear as a noncurrent asset. F'ett',,r casl'l Fund 50,000 Payroll cash Fund 500,000 Dividend cash fund 200,000