Answered: Short loans:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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balance sheet 20201231 (mkr):

fixed assets 9540

current assets 2630

s: a assets. 1280

equity 2070

long loans 5650

short-term. liabilities. 4360

s: a EQ and liabilities 12080

Let us assume that a new share issue is carried out where the owners invest SEK 1,400 million. The money is then used to repay long-term loans of SEK 900 million and short-term liabilities of SEK 400 million.

Your task is to fill in the amounts for the following items in the balance sheet after the new share issue and associated transactions described above have been completed:

S assets:
mkr

Equity:
mkr

Short loans:
mkr

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.

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