Determine total financial liabilities, Financial Accounting

From the end of January to the end of December 2010, the XYZ Company experienced the following changes in its assets and liabilities of interest: the company achieved a saving position of $150,000; it sold $150,000 worth of all of its holdings of Canada savings bonds and purchased $100,000 worth of another company's stocks. It paid back a short term loan of $25,000 and invested a total amount of $450,000 in the purchase of new equipment and renovations at its production facilities both in Montreal and Toronto. It decreased its bank deposits by $50,000 and obtained a long term loan of a certain amount from its bank.

(i) Using the flow-of-funds equation, determine what the company's total financial liabilities must have been during the year, 2010.

(ii) Using the TWO METHODS discussed in class, set up the company's flow-of-funds statements for 2010?

(iii) Determine if the company was a net debtor or net creditor during 2010 and calculate by how much such an amount might have been.

Posted Date: 2/18/2013 7:21:10 AM | Location : United States

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