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ow are the statements of Financial Position for HP Desk Corporation for 2019 and 2020.

ow are the statements of Financial Position for HP Desk Corporation for 2019 and 2020.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15MC: Stockholders equity consists of which of the following? A. bonds payable B. retained earnings and...
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Q.no 3. Below are the statements of Financial Position for HP Desk Corporation for 2019 and 2020. 

 

HP desk need to raise PKR 500,000 more capital. Should it go for Equity financing from stock market or loan agreement with a bank at a rate of 10%? Compare and Comment on the liquidity and gearing position of the company.

 

 

 

 

 

Statement of Financial position for HP desk is given below for the period ending Dec 31 2020 (rounding of ‘000).

 

 

Statement of Financial position for HP desk is given below for the period ending Dec 31 2019(rounding of ‘000).

 

Assets Liabilities and Equity Cash Bank Accounts Accounts Payble Accruals Salaries Payble 32 211 66 63 Prepaid Assests 121 54 Inventories 350 Total Current Assets 569 Total Current 328 Liabilites Long term Bonds Prefered Stock Retained Earning Common Equity Land 179 189 190 Building 187 96 103 366 218 Total Assets 935 935
Transcribed Image Text:Assets Liabilities and Equity Cash Bank Accounts Accounts Payble Accruals Salaries Payble 32 211 66 63 Prepaid Assests 121 54 Inventories 350 Total Current Assets 569 Total Current 328 Liabilites Long term Bonds Prefered Stock Retained Earning Common Equity Land 179 189 190 Building 187 96 103 366 218 Total Assets 935 935
Assets Liabilities and Equity Cash Marketable Securities Account Recivables 20 77 100 200 Accounts Payble Accruals Salaries Payble 77 51 4 Inventories Total Current Assets 397 Total Current Liabilites 132 Net Plant and Equipme Long term Bonds Prefered Stock Retained Earning Common Equity 179 100 189 190 Building 76 89 279 189 Total Assets 676 676
Transcribed Image Text:Assets Liabilities and Equity Cash Marketable Securities Account Recivables 20 77 100 200 Accounts Payble Accruals Salaries Payble 77 51 4 Inventories Total Current Assets 397 Total Current Liabilites 132 Net Plant and Equipme Long term Bonds Prefered Stock Retained Earning Common Equity 179 100 189 190 Building 76 89 279 189 Total Assets 676 676
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Principles of Accounting Volume 1
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ISBN:
9781947172685
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OpenStax
Publisher:
OpenStax College
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