Questions1a what is the purpose of an entitybwhat are the

Assignment Help Managerial Accounting

Reference no: EM13378172

Questions:

1. (a) What is the purpose of an entity?

(b) What are the rights of the stakeholders of an entity?

2. (a) Outline the legal duties that directors have to their company (in Australia).

(b) Provide an example of a director that has not fully complied with these legal duties. What were the penalties involved? (Ensure you provide evidence via appropriate references you have obtained to support your answer).

3. One Tel Ltd and ABC Learning Centres Ltd were Australian companies that entered financial distress and were subsequently delisted from the ASX.

(a) For both One Tel Ltd and ABC Learning Centres Ltd, outline three warning signals that the financial statements and/or notes to the accounts revealed that would have indicated the company was at risk of financial distress? (your answer must explain which statement or note provides this information).

Reference no: EM13378172

Questions Cloud

10 annual purchases of 1000 worth of common stock the stock : 10 annual purchases of 1000 worth of common stock. the stock paid no dividends. then for 4 years all the stock sold for

A product comes with a 3-year warranty repair costs are : a product comes with a 3-year warranty. repair costs are expected to average 3500 per year beginning in year 4. the

1 a company uses process costing to assign product costs : 1. a company uses process costing to assign product costs. available inventory information for a period is as

3500 is deposited every year with 6 interest each year38 : 3500 is deposited every year with 6 interest each year.38 equal deposits are made.how much money can be withdrawn in 20

Questions1a what is the purpose of an entitybwhat are the : questions1.a what is the purpose of an entity?bwhat are the rights of the stakeholders of an entity?2.a outline the

Assume the demand function and the supply functions for : assume the demand function and the supply functions for 24-can beer case in houston are demand qd 1000 ? 50p demand qs

Assume the following data describe the gasoline market : assume the following data describe the gasoline market price per gallon 2.00 2.25 2.50 2.75 3.00 3.25 3.50 quantity

Equipment purchased at the beginning of the fiscal year for : equipment purchased at the beginning of the fiscal year for 150000 is expected to have a useful life of 5 years or

Alpha and beta two tiny islands off the east coast of : alpha and beta two tiny islands off the east coast of tricoli produce pearls and pineapples. the

User Account

All Pages