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!
Questions -
Q1. A company had to pay R15 million in respect of customers' claims for injuries suffered from goods manufactured and sold in the previous year. When preparing the financial statements for the previous year the company was not aware of it nor did they provide for these damages. How should the company report the amount paid?
a. In the Statement of changes in equity as a deduction from balance brought forward.
b. In the current year's Statement of income, included as part of Administration Expenses.
c. On the Statement of financial position as a deduction from the total of Equity and reserves.
d. In the current year's Statement of income, describing it as an extraordinary item.
Q2. The share capital account of the company reports a balance of R500 000 reporting ordinary shares of 20 cents each. Directors have declared an interim dividend of 5 cents per share. What is the amount of the dividend to be accounted for?
a. R75 000
b. R125 000
c. R50 000
d. R25 000
Q3. ABC LTD has inventory of R7m at the start of an accounting period and R8m at the end of the period. Sales for the period are R60m and the gross profit is R15m. The inventory holding period is_______.
a. 49 days
b. 61 days
c. 46 days
d. 65 days
HYPERDIV INC is expected to pay the following large dividends in the next 3 years: Year Dividend 1 $1 2 $2 3 $4 After 3 eyars, the dividens will grow at 3% per year forever. If investors require a return of 9.3% on this stock, what is the value of th..
question 1 this part has 30 marks allocated to it.record the following transactions from june for centinal electronics
Advise management whether to accept or reject the special order. The company has the capacity to produce 60,000 units. The product regularly sells for $45
Perth Ltd acquires goods on credit, Provide the accounting entries necessary to account for the above purchase transaction for the year ending 30 June 2018.
Calculation of goodwill value - What amount if any will Hi-Tech record as goodwill on the date of purchase
Provide an effective method may use to negotiate an acceptable timeframe with the credit representatives to implement these new software processes.
In the preparation of Vance's statement of financial position as of December 31, 2019, what should be reported as total intangible assets?
Pick a component of the cash flow statement and thoroughly discuss how it can be a plus or a minus, is that good or bad, why and what the component means and where it can be found in the financial statements. For example, depreciation is a component.
Party Ltd owns all of the shares in Sunny Ltd. On 15 April 2020,Party Ltd sold inventories What consolidation entries to eliminate intragroup sale are?
Presented below is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2017 2016 Cash $ 345,150 $ 152,100 Accounts receivable 351,000 360,750 Investments 101,400 144,300. Prepare a stateme..
IGT Limited estimated, Calculate the present value of the total expected future cash outflow. A government rate for bonds with similar terms is 12%.
Sale of shares of stocks, listed & traded - Selling price, P 200,000; cost, P165,000. How much is the improperly accumulated earnings tax
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