Question: 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
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?
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* 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.
2010 2011 4,000.00S4,100.00 1,600.00 1,700.00 520.00 350.00 550.00 150.00 420.00 350.00 450.00 5,000.00 5.800.00 2,000.00 2.400.00 600.00 410.00 300.00 Revenue Cost of goods sold 500.00 300.00 500.00 150.00 400.00 300.00 400.00 eciation Inventories Administrative Interest Federal and state taxes* Accounts payable Accounts receivable Net fixed assetsf Long-term debt Notes payable Dividends Cash and marketable securities 1 1,000.00 410.00 800.00
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Given data 2010 2011 Revenue 400000 410000 Cost of goods sold 160000 170000 Depreciation 50000 52000 ... View full answer
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1029-B-C-F-S (380).xlsx
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