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Use the following information to answer all five questions below.... Company Corporation 2019 Cash 400 Cost of Goods Sold 600 Debt (LT) 5000 Depreciation 300
Use the following information to answer all five questions below.... Company Corporation 2019 Cash 400 Cost of Goods Sold 600 Debt (LT) 5000 Depreciation 300 Dividends 325 Interest Expense 400 Inventories 1500 Investments (ST) 1250 Loans from Bank (ST) 450 Payables 3000 Property, Plant, Equipment 4800 Receivables I 600 Research and Development 250 Revenues 6900 Salaries 3000 Sales and Distribution 400 Shareholders' Equity 100 2020 500 700 5300 300 350 450 1800 1350 450 2600 5450 550 250 7350 3000 350 1300 All values given are in 1000s of dollars. Asset values are net of depreciation. 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 I 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
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