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Question 1: In September 2013, Ahmad Ltd (associate) sold inventory to Samer Ltd (investor) for 18000, it was cost Ahmad Ltd 8000. Half of inventory remained unsold at 30 June 2014. However, the inventory was sold by Samer to external party before 30 June 2015. Tax rate is 30%. Based on above information, which of the following represent the adjustments made by Samer Ltd regarding this transaction for the profit or loss of current year only (step four) at 30/6/2015.
Select one:
a. Unrealised gain (3500)b. Realised gain 3500c. Unrealised gain (7000)d. Realised gain 3500 and unrealised gain (3500)
Assuming that interest is compounded annually, and there were no withdrawals, what must have been the interest rate
In your role as the financial manager, you routinely review your firm's financial statements and financial ratios to evaluate the financial health of your company.
Journalize these transactions and post in general ledger
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How could Alex contact all of the members of Acme Ltd? How might Acme Ltd be able to prevent Alex from contacting all of the company's members
If Grommit increases leverage so that its interest expense rises by $1 million, how will its net income change?What is the value of Milton Industries
Webb Company Owns 90% of Jones Company. What is the adjusted book value of Jones after the sale of the shares
when frank purchased his home 10 years ago he paid 350000 and financed the purchase with a 300000 home mortgage. at a
A new van was purchased for $40,000 and was estimated to have a life of 4 years or 110,000 miles; trade-in (residual) value is estimated to be $4,800.
Question - Otis Company accumulates the following adjustment data at December 31. Journalize the entry
a comparative income statement is given below for ryder company ryder company comparative income statementthis year
ferraro inc. established a stock appreciation rights sar program on january 1 2012 which entitles executives to receive
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