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Problem 1: Describe appropriate treatment of their expenditure on research and development (R&D).
Other Expenses at income statement in financial ending 30 June 2021 is $391,000
The following expense items are included within the total of 'Other' expenses:
$125,000 of expenditure on a new energy-efficient product being developed by BB. The project commenced in January 2021 with a prototype to be developed by September 2021.
The product development manager has unofficially 'tested the market' and found several companies interested in purchasing the product once it has proven to be a feasible product noting that 'this breakthrough technology will be a major contributor to the sales of ABC ltd into the future.' Whilst ABC ltd do not currently have a commercially feasible product, the Board have committed a further $300,000 to the development and testing of a prototype.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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