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I already did the first question but i need the reat done please and thank you. Company Corporation 2019 2020 Cash 400 500 Cost of
I already did the first question but i need the reat done please and thank you.
Company Corporation 2019 2020 Cash 400 500 Cost of Goods Sold 600 700 Debt (LT) 5000 5300 Depreciation 300 300 Dividends 325 350 Interest Expense 400 450 Inventories 1500 1800 Investments (ST) 1250 1350 Loans from Bank (ST) 450 450 Payables 3000 2600 Property, Plant, Equipment 4800 5450 Receivables 600 550 Research and Development 250 Revenues 6900 7350 Salaries 3000 3000 Sales and Distribution 400 350 Shareholders' Equity 100 1300 . All values given are in 1000s of dollars. Asset values ate net of depreciation, 250 1. Construct a Statement of financial position for The Company Corporation for both 2019 and 2020. In constructing the SFP. please use three columns: The left column should list the relevant accounts that appear on the SFP, the middle column should show the appropriate values for each account in 2019, and the right column should show the appropriate values for each account in 2020. 2. Construct a statement of comprehensive income for Co. Corp up through Earnings-Before- Taxes (EBT) for both 2019 and 2020. Again, use three columns: The left column should list the relevant accounts, the middle column should show the appropriate values for each account in 2019, and the right column should show the appropriate values for 2020 3. What was net working capital in 2020? If Company Corp, were now to take out a short term bank loan of S1000 to pay off some of it payables, how would that affect its NWC, assuming nothing else changes? Would it be a good idea to do so? 4. Compote full (combined federal and provincial) corporate taxes for Company for both 2019 and 2020. Here are two additional facts about Company Corporation: 1) It has been designated by the Canada Revenue Agency as a small corporation. 2) It is based in Prince Edward Island. As such it pays only 10% federal and 3.5% provincial tax on the first $500,000 it cams, and then pays 15% federal and 16% provincial tax on the remainder. 5. What was the addition to retained earnings for 2020 Step by Step Solution
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