Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. based on the following information from fincos fin

Based on the following information from Fincos Financial statements, confirm that the Cash Flow Identity...

50.1K

Verified Solution

Question

Accounting

Based on the following information from Fincos Financial statements, confirm that the Cash Flow Identity holds.

Balance Sheet

Current Accounts

2018: CA = 1500; CL = 1300

2019: CA = 2000; CL = 1700

Fixed Assets

2018: NFA = 3000; 2019: NFA = 4000

LT Liabilities and Equity

2018: LTD = 2200; Common Equity = 500; RE = 500

2019: LTD = 2800; Common Equity = 750; RE = 750

Income Statement

EBIT = 2700; Interest Expense = 200; Taxes = 1000; Dividends = 1250

Depreciation = 300

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

(1 point) The region in the first quadrant bounded by y=4x2 , 2x+y=6, and the y-axis...

Psychology
1.2K views

what is the implication of equality in the united states? what can teachers do to promote...

General Management
1.2K views

What is the factor that determines if we need to pause fulfillment, procurement or production and...

Biology
1.2K views

Example s of endergonic reaction s process es is are formation of a H gradient...

Physics
1.2K views

4 In the diagram shown the weight of the rod is W and it is...

Basic Math
1.2K views

Brenda has $500 in her bank account. Every week she withdraws $40 forexpenses. Gary has...

Calculus
1.2K views

Does the sequence given by is its limit a c too 1 n n 1...

Accounting
1.2K views

Question 17 Not yet answered On January 1, Wendy Welding Ltd. purchases a...

Accounting
1.2K views

Consider the following: Cash in Bank checking account of $17800, Cash on hand of...

Accounting
1.2K views

Since the SUTA rates changes are made at the end of each year and there...

Accounting
1.2K views

wheres the answer?

Accounting
1.2K views

The following list summarizes the transactions that took place during a start ups secondyear of...