Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi i need help to construct financial statements. i've constructed on my own, could you first check it? 2015 2014 $ 300 4,000 S 350
Hi
i need help to construct financial statements.
i've constructed on my own, could you first check it?
2015 2014 $ 300 4,000 S 350 4,100 (320) 550 (300) 430 300 3,000 350 2,400 680 Trade payables Revenue Depreciation Short-term investments Inventories Long-term debt Provisions Administrative expenses Federal and provincial taxes? Trade receivables Finance income Finance expensel Property, plant, and equipment Dividends paid Cost of goods sold Cash and cash equivalents 770 (550) (420) (500) (400) 450 400 50 120 (150) 5,800 (410) (1,700) 300 (150) 5,000 (410) (1,600) 800 Taxes are paid in their entirety in the year in which the tax obligation is incurred. b Finance income is gain in value of short-term investments. Property, plant, and equipment are net of accumulated depreciation and impairment losses since the assets were installed. Fincorp. Inc old and Dos Balance Sheet Assets 2014 Liabilities and owner's equity 014 Pa $250 $19.00 $300 $200 Current assets Cash and cash valent Trade receivables Current liabilities Trade payable provisions Total 1770 400 680 3486 SLO Inventores 300 Short 550 $2.000 2.400 Long-term doot 490 rena investment 1930 SLCD Total $2.00 Dwner's quity $3,420 Fixed assee Property, plant equipment $5,000 $6.800 $6,400 Total assets $1.450 $6.900 Total liabilities and owned's quity $17.4150
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started