The following balances were obtained from the books of Endo Corp. as at December 31,2023:...

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Accounting

The following balances were obtained from the books of Endo Corp. as at December 31,2023:
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Additional Information:
i. Provide for depreciation as follows: Fixtures and fittings 10% straight line,
motor vehicles 10% reducing balance. Depreciation charges should be apportioned
equally between administrative expenses and selling and distribution costs.
ii. The insurance paid covers the period April 1,2023 to March 31,2024.
iii. One employee was owed 20,000 and another employee was overpaid 5,000.
iv. The preference share dividends are to be accounted for in full.
v. The following appropriation of the expenses must be made:
Admin Selling & Dist
Wages & salaries 75%25%
Insurance 1/32/3
Management fees 60%40%
Directors fees 100%--
vi. It is estimated that goodwill is impaired by 20%
vii. Corporation tax is estimated at 25% of profit before tax.
viii. Transfer 15,000 to general reserves.
ix. During the year, the firm issued 200,000 ordinary shares at 70c each (par value is 50c
per share).
prepare a Statement of Financial Position.
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