Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 2019, Presto purchased a property comprising of land and building costing RM15 million. The cost of the land was RM5 million. The building was used to operate its business. The estimated useful of the building was 20 years. Presto adopted the cost model. On I July 2019, the company ceased using the building to operate its business and began letting it out at the market rental. The fair value of the land on 1 July 2019 was RM 6.2 million and of the building RM11 million. The entity would adopt the fair value model to measure the investment property.
Question a) Explain what is meant by non-current assets held for sale and the criteria which must be satisfied in order for an asset to be classified as held for sale.
Question b) Discuss the accounting treatment of the land and building in years 2015 and 2019.
Question c) Discuss the accounting treatment on the land and building un years 2015 and 2019 if the company had used revaluation model. The fair value of the land and building was RM11 million and RM 10.8 million respectively on 31 December 2019.
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
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd