DE GUZMAN, CHRITSIAN DAYNE M.

ACTCY32S1 – 3rd Year

ACCTG 025 – Module 5 Discussion

Karen Corporation’s

Statement of Financial Position

As of December 31, 2018

Assets Liabilities

Current Assets Current Liabilities

Cash P 7,000 Outstanding settlements payable P 10,253

Deposits, at call 112,869 Interest Payable 280

Dividends Receivable 15,693 Other Payables 83

Interest Receivable 478 Current Tax Payable 242

Outstanding settlements receivable 4,900 Provision for employee benefits 525

Trading Securities 68,455 Total Current Liabilities (3) P 11,383

Total Current Assets (1) P 209,395 Non-current Liabilities

Non-current Assets Provision for employee benefits P 227

Financial Asset @ Other Deferred Tax 56,414

Comprehensive Income 1,880,472 Total Non-current Liabilities (4) P56,641

Deferred Tax 655

Total Non-current Assets (2) P 1,881,127

“I affirm that I have not given or received any unauthorized help on this assignment and that this
work is my own.”