Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 29
Example 2.10: Statement of Net Assets in Liquidation
ОглавлениеXYZ Company Statement of Net Assets in Liquidation As of June 30, 20X1
| Assets | |
| Cash and cash equivalents at carrying value | $ 3,300 |
| Trade receivables, Net | 1,536 |
| Property, plant, and equipment, Net | 6,518 |
| Liquidation basis of accounting, Items previously not recognized | 818 |
| Total Assets | $12,172 |
| Liabilities | |
| Accounts payable | $216 |
| Taxes payable | 66 |
| Notes payable | 450 |
| Due to related parties | 348 |
| Estimated costs to liquidate | 32 |
| Total liabilities | 1,112 |
| Net assets | $11,060 |
Practice Pointer: Notice that in the example above, the entity initially measures its assets to reflect the amount it expects to receive in cash or other consideration. The assets include items previously unrecognized, like trademarks and patents that the company expects to sell. These are valued in the Statement of Net Assets at the amounts of proceeds the entity expects to realize. Assets are reported gross. The costs to dispose of the assets are presented separately in estimated costs to liquidate. The statement is unclassified and presents the total net assets in liquidation.
