Reference no: EM132665708
The following trial balance has been extracted from the books of Baganza plc as at 30 September 2013:
N$ 000 N$ 000
Administration Expenses 400
Called-up share capital (1,200,000 ordinary shares of $1 each) 1,200
Cash at bank and in hand 60
Corporation tax (overpayment for the year to 30 September 2012) 20
Deferred taxation (at 1 October 2012) 460
Distribution costs 600
Dividends received (on 31 March 2013) 249
Freehold property: At cost 2,700
Accumulated depreciation (at 1 October 2012) 260
Interim dividend (paid in June 2013) 36
Investments in United Kingdom companies 2000
Plant and machinery: At cost 5,200
Accumulated depreciation (at 1 October 2012) 3,600
Purchases 16,000
Research expenditures 75
Retained profits (at 1 October 2012) 2,022
Inventory (at October 2012) 2,300
Trade accounts payable 2,900
Trade accounts receivable 2,700
Revenue 21,360
32,071
Additional information:
1. The inventory at 30 September 2013 was valued at N$3,600,000.
2. Depreciation for the year to 30 September 2013 is to be charged on the historic cost of the non-current assets as follows:
Freehold property: 5%
Plant and machinery: 15%
3. The basic rate of income tax is assumed to be 27%.
4. The directors propose a final dividend of 60p per share.
5. The company was incorporated in 2006.
6. Corporation tax based on the profits for the year at a rate of 35% is estimated to be N$850,000.
7. Transfer of N$40,000 is to be made to the deferred taxation account.
Required:
Problem (a) Prepare Baganza plc's income statement for the year ending 30 September 2013.
Problem (b) Statement of financial position as that date.
|
Prepare a costs of quality report
: Prepare a Costs of Quality report. In addition to listing the costs by? category, determine the percentage of the total costs of quality
|
|
Distinguish between due care and due diligence
: Explain how you expect this course will help you move forward in your current or future career. Distinguish between due care and due diligence.
|
|
What value should be placed on the purchase consideration
: Die, a private limited company, What value should be placed on the purchase consideration and assets of Coal as at the date of acquisition?
|
|
Calculate the value of goodwill in the acquisition
: Calculate the value of goodwill in the above acquisition. Mask, a private limited company, has arranged for Man, a public limited company
|
|
Prepare baganza plc income statement for the year ending
: Prepare Baganza plc's income statement for the year ending 30 September 2013. Called-up share capital (1,200,000 ordinary shares of $1 each)
|
|
Models for competitive dynamics
: Competition has, since the 1990s, led to wider gaps between industry leaders and laggards. There are more "winner-take-all" environments and greater churns
|
|
Who would you collaborate with to help the given family
: A teacher comes to you stating that a child in her class is extremely hyper, could you please talk to his parents to medicate him! What would your response be?
|
|
Can you support your recommendation with a source
: One of the issues that I see frequently is that incivility in most cases takes place at work and people know about it but do not do anything about it.
|
|
How you can become a member of the organization
: Use the space below to identify and examine one professional organization related to your selected or preferred specialty. Explain how you can become a member.
|