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Here are some data on Fincorp, Inc. Fincorp follows IFRS. The statement of financial position items correspond to values at year - end of 2
Here are some data on Fincorp, Inc. Fincorp follows IFRS. The statement of financial position items correspond to values at yearend of and while the statement of comprehensive income items correspond to revenues or expenses during the year ending in either or All values are in thousands of dollars.
Statement of Financial Position in thousands of $s
Trade payables $ $
Revenue
Depreciation
Shortterm investments
Inventories
Longterm debt
Provisions
Administrative expenses
Federal and provincial taxes
Trade receivables
Finance incomeb
Finance expense
Property, plant, and equipmentc
Dividends paid
Cost of goods sold
Cash and cash equivalents
a Taxes are paid in their entirety in the year in which the tax obligation is incurred.
b Finance income is gain in value of shortterm investments.
c Property, plant, and equipment are net of accumulated depreciation and impairment losses since the assets were installed.
Construct an income statement for Fincorp for and Enter all your answers as positive values.
What was the addition to retained earnings for Enter your answer in thousands of dollars.
How does that compare with the increase in shareholders equity between the years? Enter your answer in thousands of dollars. Use minus sign to enter a decrease in shareholders' equity, if any.
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