Consider each of the following independent situations: 1. The statement of changes in equity of Yu Corporation shows dividends of
Consider each of the following independent situations:
1. The statement of changes in equity of Yu Corporation shows dividends of $70,000, while profit for the year was $75,000.
2. The statement of cash flows for Surya Corporation shows that cash provided by operating activities was $10,000; cash used by investing activities was $100,000; and cash provided by financing activities was $120,000.
3. Naguib Ltd.'s statement of financial position reports $200,000 of total liabilities and $250,000 of shareholders' equity.
4. Rijo Inc. has total assets of $100,000 and no liabilities.
For each company, write a brief interpretation of these financial facts. For example, you might discuss the company's financial health or what seems to be its growth philosophy.Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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