What are the possible legal consequences

Assignment Help Accounting Basics
Reference no: EM132998756

Question - ABC Ltd is an Australian Stock Exchange (ASX) listed entity. On reviewing management account's part way through the 2019-2020 financial half year period, the directors of ABC Ltd become aware that the company will incur a large trading loss for the half year. However, due to projected revenues from contracts expected to be completed in the second half of the financial year, the directors and senior management of ABC Ltd still expect the company to achieve full year financial results broadly in line with that of the previous full financial year. Under the ASX Listing Rule 3.1, is XYZ Ltd required to disclose information related to the trading loss? Explain your answer. What are the possible legal consequences of breaching the continuous disclosure rule?

Reference no: EM132998756

Questions Cloud

What obstacles did you encounter in coming to a consensus : What obstacles did you encounter in coming to a consensus? What did you enjoy most about this activity? What did you enjoy least?
How long will it take to repay the debt : Finance: Valuation of Debt A debt of $110,000 accrued interest at 8% compounded monthly. If it is to be repaid with fortnightly repayments of $500, how long wil
What is the maximum amount of the loan : What is the maximum amount of the loan that Azalea could have outstanding for the year and not be in violation of its covenant
What will be the market value per share : Jack owns 100 shares in ABC Ltd. The firm announces that it will pay $1 dividend per share one year from today and $2 dividend per share two years from today. A
What are the possible legal consequences : ABC Ltd is an Australian Stock Exchange (ASX) listed entity. What are the possible legal consequences of breaching the continuous disclosure rule
What is the present value of a 27 year annuity due : a) What is the present value of a 27 year annuity due, if the annual interest rate is 5% and annual payment is $2000.
How many years until the initial investment exactly doubles : Kobe has an investment account that increases with force of interest d(t) = t4.0. How many years until the initial investment exactly doubles?
What is the minimum taxable capital gain : Jeff disposed of two residential properties during the year. What is the minimum taxable capital gain that must be included in Jeff's 2019 personal tax return
What would ortiz report as total net revenues : Utilities expense 12,000; Rental revenue 31,000; Interest expense 18,000. What would Ortiz report as total net revenues in a multiple-step income statement?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the tax consequences of the stock dividend

The fair market value of El Toro stock $100 per share on June 30, 2010. What are the tax consequences of the stock dividend to Raoul

  Calculate the expense or revenue

From the following transaction situations, calculate the expense or revenue to be attributed to the accounting period under accrual accounting

  Discuss the all given journal entries

State precisely the circumstances which could have given rise to the following Journal entries in the books of G. Gough, a manufacturer.

  Prepare a statement of cost of goods manufactured

Prepare a Statement of Cost of Goods Manufactured in proper form. What is the unit cost for valuing inventory for external reporting

  When is the liability recognized

Nusselt will make an advance payment of P20,000 on April 1. The balance of P30,000 will be paid in full on August 31, 2019. What is the entry?

  How to show the before-and-after effects of the dividend

How to Show the before-and-after effects of the dividend on the components of stockholders' equity and Shares outstanding and Par value per share

  You want to be a millionaire when you retire in 40 years

you want to be a millionaire when you retire in 40 years. you can earn a 12.5 percent annual return. how much more will

  The initial value of the machine

On December 31, 2016, Bart Inc. purchased a machine from Fell Corp. in exchange for a noninterest-bearing note requiring eight payments of $20,000.

  Find the unit cost of the items

Why might the unit cost of those items started and completed during the period differ from the unit cost of all items completed and transferred during.

  Upon computing the above ratios the internal auditors found

vampiresrus was the worlds leading company in extracting blood.nbsp it had a number of charity and paid blood drives

  What is annual weighted average capital balance of er

Withdrawal in excess of ?10,000 is charged to the partner's capital account. What is the annual weighted average capital balance of Partner A?

  Calculate the payment that wrennie can expect to receive

Calculate the payment that Wrennie can expect to receive each month if she uses all the proceeds during the course of her five year of dentistry degree?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd