Reference no: EM132954418
Questions -
Q1. Differentiate between a balance sheet and an income statement of a listed company. How are the two statements related? Why is it often necessary to standard the items in the financial statements? Describe how this could be implemented.
Q2. How does the statement of cash flows differ from the income statement? What are the various components of the cash flow statement? Describe the contribution of each of the components in terms of their importance to the generation of cash of a company?
Q3. Explain what is meant by the following statement: 'A ringgit today is worth than a ringgit to be received in future." Describe the possible factors contributing to this situation.
Q4. Describe the essential differences between the following cash flow streams:
(i) Annuity versus perpetuity
(ii) Annuity due versus ordinary annuity
Illustrate with an example each.
Q5. What is a bond sinking fund? What is the purpose of establishing a sinking fund? Are bonds that provide for a sinking fund regarded as being risker than those without this type of provision? Explain.
Q6. Explain the following statement: "Although long-term bonds are heavily exposed to interest rate risk, short-term bills are heavily exposed to reinvestment rate risk. The maturity premium reflects the net effects of these two opposing forces".
|
How will the bonds be initially classified and recognized
: How will the bonds be initially classified and recognized in the statement of profit or loss and statement of cash flow
|
|
What net realizable value of miller receivables at end year
: The Miller Company recognized $121,000 of service revenue earned. The net realizable value of Miller's receivables at the end of Year 2 was
|
|
Difference between cost ascertainment and cost estimation
: Difference between cost ascertainment and cost estimation. Explain with example the difference in income that arises from using marginal vs absorption costing
|
|
What net realizable value of accounts receivable immediately
: On January 15, Year 2, an $1,160 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is
|
|
What is a bond sinking fund
: What is a bond sinking fund? What is the purpose of establishing a sinking fund? Are bonds that provide for a sinking fund regarded as being risker
|
|
What was the amount of expenses for the period
: Retained Earnings at the beginning, If revenues were $4,500 and dividends paid to stockholders were $1,050, what was the amount of expenses for the period?
|
|
What was the amount of retained earnings at the beginning
: Dividends paid during the period were $1,200. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2?
|
|
What is the amount and character of Alpha gain
: Alpha sold machinery, which it used in its business, to Beta, a related entity, for $40,300. What is the amount and character of Alpha gain
|
|
How much is inventory shortage at retail value on january
: Net sales amounted to P1,050,000; markdowns amounted to P105,000. How much is the inventory shortage at retail value on January 31, 2020
|