The statement of financial position at December 31, 2014 reports total assets of
A) €320,000.
B) €404,000.
C) €456,000.
D) €486,000.

Question

Quizplus · Accepted Answer

The statement of financial position lists the following assets: 
- Property, plant, and equipment: €250,000 
- Intangible assets: €45,000 
- Inventories: €75,000 
- Trade and other receivables: €50,000 
- Cash and cash equivalents: €66,000 
Total assets = €250,000 + €45,000 + €75,000 + €50,000 + €66,000 = €486,000. Therefore, the correct answer is D.

The Statement of Financial Position at December 31, 2014 Reports