The Following Data (In Thousands) Is Available for Chang Company

question 203

Multiple Choice

The following data (in thousands) is available for Chang Company. The subtotal of the last asset classification on the 2014 Statement of Financial Position is:

• A) ¥11,690.
• B) ¥18,620.
• C) ¥23,000.
• D) ¥20,380.

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Definitions:

Assets Inventory

A detailed list of an entity's possessions, including property, stock, and other valuables, often used for legal, financial, or insurance purposes.

Attestation Clause

A clause at the end of a document where witnesses affirm that the document was properly executed.

Testator's Signature

The signature of the individual who has made a will, necessary for its legal validation.

Formalities

Required procedures or steps that must be followed according to law or tradition, often in legal contracts or agreements.