Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTIONS 1. Complete the following 2 tables. a Indicate in which of the principal financial statements each item appears Balance sheet Income Statement of Statement
QUESTIONS 1. Complete the following 2 tables. a Indicate in which of the principal financial statements each item appears Balance sheet Income Statement of Statement Chow Amis Adjusted Available for Comuna Available for Common Cash and malena Carmen Eguity Coat of Good Sold Deferred Taxes Dividenche per Share Eins Share Primary Equity Financing Activities Funds from scratches Income Tax Paid Interest ENTS Inventory-Decas (Incrcass) Investing Activities Other Investy Laulama Long-Term De Reductie Nct Plan, Pragery and NotePasak Other Assche Other Current Liabilities Preferred Dividence Premaid ERC Receivable Decrease Sales Savina Duster Special Rem Total Aich Total liguly Total Ledely b. Identify the following as financing activities or investing activities. Shortly explain why for each one: Financing Investing Purchase of equipment Purchase of treasury stock Reduction of long term debt Sale of a building Resale of treasury stock Increase in short term debt Issuance of common stock Purchase of land Purchase of common stock of another firm Payment of cash dividends Gain on sale of land Repayment of debt principal 2. Income statement is given for ABC Ltd for the years ending December 31, 2019, 2018 and 2017. Write one paragraph analysis on ABC Ltd's profit performance for the period. ABC Ltd Income Statement 2019 2018 2017 Revenue 140.000 130.000 110.000 Cost of Goods Sold 70.000 65.000 55.000 Gross profit 70.000 65.000 55.000 Operating expenses Administrative Advertising Operating profit Interest expense EBT Tax expense (30%) Net income 10.000 5.000 55.000 5.000 50.000 15.000 35.000 10.000 7.500 47.500 4.750 42.750 12.825 29.925 10.000 7.500 37.500 3.750 33.750 10.125 23.625
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