SME-Problems - SME PROBLEMS(for numbers 1-2 An SME prepared...

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SME PROBLEMS (for numbers 1-2) An SME prepared the following postclosing trial balance on December 31, 2015: Property, plant and equipment 2,300,000 Intangible assets 850,000 Investment in associate 1,100,000 Deferred tax asset 40,000 Inventory 500,000 Trade Receivables 600,000 Cash on Hand 1,150,000 Investment in nonputtable ordinary shares-listed 550,000 Investment in nonconvertible nonputtable preference shares – unlisted 500,000 Investment in term bonds 400,000 Demand deposit in bank 200,000 Loan receivable from employee – fixed term 10,000 Loan receivable from associate – on demand 300,000 Bank loans 1,100,000 Other long term employee benefits 250,000 Obligations under finance leases 400,000 Trade payables 550,000 Warranty obligations 20,000 Rent Payable 10,000 Interest Payable 20,000 Current tax liability 210,000 Bank overdraft-on demand 40,000 Share Capital 4,000,000 Retained Earnings 1,900,000 1. What is the total amount of basic financial assets?
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