Allianze Ltd has the following data information as of 30 June 2022: Current assets of $ 6,970 Net fixed assets of $18,700 Current liabilities of $4,570 Long term debts of $9,490.   Required: Calculate shareholders’ equity and prepare a balance sheet for the company for the period.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Allianze Ltd has the following data information as of 30 June 2022:

  • Current assets of $ 6,970
  • Net fixed assets of $18,700
  • Current liabilities of $4,570
  • Long term debts of $9,490.

 

Required:

Calculate shareholders’ equity and prepare a balance sheet for the company for the period.

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