The comparative statement of financial position and statement of profit or loss of HUSKY Ltd
The comparative statement of financial position and statement of profit or loss of HUSKY Ltd for the year ended 30 June 2017 are as follows: HUSKY Ltd Statement of Financial Position as at 30 June 2017 2017 2016 Current assets Cash at bank $ 402 000 $ 70 000 Cash deposits (30-day) 80 000 30 000 Accounts receivable 181 000 75 000 Allowance for doubtful debts (10 000) (5 000) Interest receivable 5 000 3 000 Inventories 146 000 200 000 Prepayments 4 000 7 000 808 000 380 000 Non-current assets Land 120 000 100 000 Plant 710 000 600 000 Accumulated depreciation (190 000) (140 000) Investment in associate 97 000 80 000 Brand names 90 000…
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