Question
How to forecast the company's next year financial statement if: 1.revenue will increase 20% 2.Company will issue 20,000 new shares of $1 par common stock
How to forecast the company's next year financial statement if:
1.revenue will increase 20%
2.Company will issue 20,000 new shares of $1 par common stock with an anticipated $60 market value on the date of acquisition of March 1, 2022.
3.Goodwill related to a prior business purchase will be totally impaired in 2022 due to the closing down of that business unit. [Goodwill impairment is $1,906,546.]
4, a new building will be purchased on July 1, 2022. The purchase price will be approximately $6,000,000. Depreciation on the new building will be over 30 years, straight line.
5. Acquiring another company with a price of $1,200,000
What are the possible change to their balance sheet and expenses on income statement?
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