Non-Current Asset Non-Current Liability Current

Non-current assetNon-current liabilityCurrent assetCurrent liabilityA tax bill due to the Revenue Authorities by the business in 6 months’ time xAmounts owed to a business by its customers (debtors or receivables) x A bank loan made to the business and repayable in 20 years’ time x Stocks of finished goods (inventories) x A freehold factory owned by the business x The bank overdraft of the business x2. Reorganise the following into a simple statement of financial position Statement of financial position Assets Euro Non- Current assets Freehold factory £250,000.00 Current assets Lorry/Truck (net book value) £12,000.00 Amount owed to the business by its customers £16,000.00 Stocks of unsold goods (inventories) £10,000.00 Total Assets £288,000.00 Current liabilities Bank balance (overdrawn) £40,000.00 non-