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!
A comparative Statement of Financial Position of Aqua Ltd is presented below:
30 June 2012
30 June 2011
$
Cash
218,000
120,000
Trade receivables
204,000
184,000
Inventory
160,000
100,000
Land (at valuation)
62,000
50,000
Plant
520,000
460,000
Accumulated depreciation
(120,000)
(90,000)
1,044,000
824,000
Accounts payable
155,000
150,000
Accrued interest
16,000
12,000
Other accrued liabilities
43,000
45,000
Current tax payable
34,000
30,000
Provision for employee benefits
42,000
38,000
Dividend payable
60,000
-
Borrowings
105,000
95,000
Deferred tax liability
39,000
58,000
Share capital
380,000
350,000
Revaluation reserve
20,000
Retained earnings
Statement of Profit or Loss and Other Comprehensive Income
for the year ended 30 June 2012
Sales
3,580,000
Cost of sales
(2,864,000)
Gross profit
716,000
Gain on sale of plant
Dividend income
4,000
Distribution costs
(185,000)
Administrative costs
(160,000)
Interest expense
(8,000)
Other costs
(40,000)
Profit before tax
343,000
Income tax expense
(103,000)
Profit for the year
240,000
Other Comprehensive Income
Gain on asset revaluation (net of tax)
8,000
Total comprehensive income
248,000
Additional information:
Required:
Using the direct method of presenting cash flows from operating activities, prepare a Statement of Cash Flows in accordance with AASB 107 for the year ended 30 June 2012, including a reconciliation of cash flows arising from operating activities and profit. Show all workings.
Evaluate the value of one share of GIS stock using Dividends Valuation Approach.
Zio Pty Ltd (Zio) was registered in 2006. Angus and Max are its only shareholders and directors. Zio's constitution provides that Clare is to be Zio's solicitor.
nunnally manufacturing company has furnished the following information which occurred during mayaccounts payable
Manufacturing cost per unit (variable costing) = Direct material + Direct labor + Variable manufacturing overhead.
questiona. what is compensation expense related to the stock option plan in fiscal 2008b. what would the effect on cash
conwell company manufactures its product vitadrink through two manufacturing processes mixing and packaging. all
in summer 2005 time warner inc. announced they were setting aside 3 billion to settle lawsuits from shareholders who
Grant Company acquired all of Bedford Corporation's assets and liabilities on January 1, 20X2, in a business combination. At that date, Bedford reported assets with a book value of $641,000 and liabilities of $375,000. Grant noted that Bedford had..
advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?
Discuss any trends in the net cash provided in operating, investing and financing activities for Home Depot and Lowes in FYE2008.
Charlet Company offers credit terms of 4/15, n/60 to its credit customers. Rutherford Corporation purchased 20 office chairs with a list price of $200 each from Charlet on July 5, 2005. Rutherford paid the invoice for its purchase on July 13, 2005..
even when objectives are clearly stated the reasons they have not been met may not be easy to discern.the city on the
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