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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.

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.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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.

Expert Solution
Step 1Basic Information

The Shareholder's equity is calculated with the help of Following formula 

Shareholder's Equity = Total Assets - Current Liabilities + Long term debts.

Total Assets = Current Assets + Net Fixed Assets 

 

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