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

Answered: Allianze Ltd has the following data…

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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Question

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.

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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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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.