[HammadMir]

Thanks so much. I was looking for the answers for so long. Before I leave can u pls explain these too?

1) When will the company pay back the money it raised from the non-current liability of $300,000 by borrowing the loan?

2) When will the company usually pay back the money that it raised from the shareholders of $350,000 by issuing the shares?

3) Can you please explain anyone else other than the bank whom the business can borrow the money?

4) Please explain why SOFP is called statement of financial position?

5) Is it true that the reason behind total assets equal total equity & liabilities is because all the finance raised by the company is invested i n the total assets?

[HammadMir]

Thanks 🙂
Could you please also shed light on what is interim dividend and final dividend?

And what is the point of benefit between them?

And they also recorded when they become certain such as when they are actually paid?

[Author]

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