Please solve the following exercises: Exercise 1. The following information is available for company ABC as of 31December N: Land 500 Additional paid in capital

Exercise 1. The following information is available for company ABC as of 31December N:Land                   500Additional paid in capital (share premium)         150Advance payments to suppliers (from which for inventories 200)             300Licenses             50Customers         600Prepayments     80Legal reserve     70Dividends payable          100Depreciation of plant and machinery     50Investments in associates                        700Issued capital paid in (Share capital paid in)       ??Sundry debtors               … Continue reading Please solve the following exercises: Exercise 1. The following information is available for company ABC as of 31December N: Land 500 Additional paid in capital