Reference no: EM132902658
Question - The summarized general ledger trial balance of XYZ Limited, a manufacturing company for the year ended 30th June 2013 is detailed below:
Sales of goods 4469000
Interest Income 6000
Cost of goods sold 2987000
Distribution expenses 86000
Sales and marketing expenses 820000
Administration expenses 252000
Interest expenses 44000
Other borrowing expenses 4000
Income tax expense 85000
Cash on Hand 4000
Cash on deposit, a call 150000
Bank overdraft 50000
Trade debtors 450000
Allowance for doubtful debts 14000
Other debtors 93000
Raw materials 188000
Finished goods 714000
Listed investment (available for sale) 225000
Land and buildings 257000
Accumulated depreciation - Buildings 36000
Plant and equipment 1260000
Accumulated depreciation - Plant and equipment 564000
Patents 45000
Goodwill 870000
Bank Loans 66000
Other loan 570000
Trade creditors 510000
Employee benefit provisions 93000
Warranty provision 37000
Current tax payable 25000
Deferred tax liability 135000
Retained earnings, 30th June 2012 326000
Dividends paid 150000
Land revaluation reserve 50000
Investment revaluation reserve 42000
Share Capital 1691000
Additional Information -
Share issues during 2013 were $120000
Share capital was $1541000 at 30th June 2012. Of the $150000 dividends, $30000 was reinvested as part of a dividend reinvestment plan
The balance of the land revaluation reserve and the investments revaluation reserve at 30 June 2012 were $15000 credit and $35000 credit respectively
The following revaluations were recognized during the year ended 30 June 2013: Land revalued upward by $50000 (related income tax $15000) and available for sale investment revalued upward by $10000 (related income tax $3000)
XYZ Ltd uses the single statement format for the statement of comprehensive income and classifies expense by function.
The available for sale investments are held as part of a long term investment strategy
$30000 of bank loans is repayable within 1 year
$110000 of bank loans is repayable within 1 year
Employee benefit provisions include $62000 payable within 1 year.
The warranty provision is in respect of a 9 month warranty given on certain goods sold.
The bank overdraft facility is subject to annual review and could be withdrawn.
Required - Prepare the statement of financial position, statement of comprehensive income and statement of changes in equity of XYZ Limited for the year ended 30th June 2013 in accordance with the requirement of IAS1.
|
Prepare a statement of financial performance
: Prepare a Statement of Financial Performance (Profit and Loss Statement), a Statement of Change in Equity Statement, and a Statement of Financial Position
|
|
Five practices of exemplary leadership of satya nadella
: Critical review of the Five Practices of Exemplary Leadership of Satya Nadella, Microsoft's CEO's letter.
|
|
Write a text about business objectives of is
: Write a text about business objectives of IS/ why ERP and Benefits of ERP.
|
|
Explain project using the command selection
: Modify the code for the project using the command Selection.PrintOut Copies:=1, Collate:=True below the line Range("C2:E16").Select (indented so that it is left
|
|
Prepare the statement of financial position
: Prepare the statement of financial position, statement of comprehensive income and statement of changes in equity of XYZ Limited for the year ended
|
|
Develop the project plans with specifics
: Choose whether Amazon is a Mechanistic Organization or Organic Organization. Go through the five stages: Specialization, Formalization, Centralization, Hierarch
|
|
Find sample standard deviation
: Recently, many groups have been studying whether or not the change in the average work week for women has become smaller. 81 women were surveyed with the follow
|
|
Symptoms of underlying problems
: -Identify at least two symptoms of underlying problems at your company (Ross Stores). This could be something like, "There has been a 10% drop in revenue over t
|
|
Mgmt 515 applied research and analysis
: Reference: Zikmund, W., Babin, B., Carr, C., and Griffin, M. (2013) Business Research Methods (9th ed.)
|