The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end

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The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are in thousands of dollars.

Construct a balance sheet for Fincorp for 2010 and 2011. What is shareholders' equity?

The table below contains data on Fincorp, Inc., the balance

* Taxes are paid in their entirety in the year that the tax obligation is incurred.
• Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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