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Finance & Pro Forma Module Instructions 1) Random Financial Accounts For: Company A 1) Prepare the Financial Statements for Company A: Statement of Comprehension Income

Finance & Pro Forma Module Instructions 1) Random Financial Accounts For: Company "A"
1) Prepare the Financial Statements for Company "A": Statement of Comprehension Income or Income Statement & Statement of Financial Position or Balance Sheet Statement From the Random Accounts Provided. *Hint - you will need to read 1A and complete 1B & 1C in order to do this Revenue $2,000,000
Goodwill $25,000
Machinery $375,000
Total Assets $3,000,000
Cash & Cash Equivalent $95,000
Administrative Expenses 5.00%
Cost of Sales 52.00%
Trades Payable $215,000
1A) Make sure to use EBIT (Earnings Before Interest & Taxes) & EBT (Earning Before Taxes) for the Comprehensive Income Statement or Income Statement. Determine the Amount of Net Income and the Distribution of it via Dividends and Retention ratio. Also make sure that the Balance sheet is in Equilibrium by changing the appropriate Sub-Account. Other Current Asset $27,000
Depreciation $75,000
Plant & Equipment $1,450,000
Intellectual Property $50,000
Common Shares $2,000,000
Inventory $180,000
Distribution Costs 27.00%
Trade Receivable $212,000
* Finance Cost (1C) $45,000
Retained Earnings (RE)
Income Tax Payable $55,000
Short-Term Debt Payable $150,000
Prepaid Expenses $65,000
Long-Term Bonds $500,000
Other Fixed Assets $521,000

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