Q2. (2 Marks) The following are accounts balance (in thousands) for Malak Company. Prepare a...
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Accounting
Q2. (2 Marks)
The following are accounts balance (in thousands) for Malak Company. Prepare a balance sheet, and Income statement using intermediate steps t=35% for the year ended December 31, 2018.
| Net property and equipment | $ 2,000 |
| Accounts receivable | $3,000 |
| Notes payable | $37,000 |
| Revenues | $ 983,000 |
| Supply expenses | $ 255,000 |
| Depreciation expenses | $ 35,000 |
| Labor expense | $300,000 |
| Interest Expenses | $11,000 |
| Stockholders Equity | $61,500 |
| Cash & cash equivalents | $97,000 |
| Long-term debt | $3,500 |
Q3. Why secondary markets are so important to raise capital? (1 mark)
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