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Question - What is the required treatment of each of the below events in the financial statements? Justify your decisions.
a) On 25 July 20X9, Carey settled and paid a claim involving prior employees alleging sexual discrimination as a result of promotions announced at the Christmas party in 20X8. Five women who had been overlooked for management promotions undertook legal action in March 20X9.
b) On 1 August 20X9, Carey Ltd made an announcement to the Singapore Stock Exchange of its intention to take over a private engineering partnership. This would increase sales revenue of Carey Ltd by 15%. It was to be funded by a 1:10 rights issue.
c) On 12 August 20X9, a fire damaged the head office of Carey. The buildings, fixtures and fittings were only partly insured.
d) At its 5 September 20X9 meeting, Carey's board of directors voted to double the advertising budget for the coming year and authorised a change in advertising agencies.
1 the first step of sara is to identify problems by getting to know the area. speculate how long it may take a new
Londonderry Fine Arts Center (LFAC) is a museum dedicated to collecting and displaying works of Vermont artists. It acquires works of art primarily.
A company makes a charge to its customers for cases in which its product is delivered; if they are returned in good condition within three months a refund.
Balance per the bank statement is $10,241.43. Prepare the journal entries from the reconciliation process in the company books
On December 31, 2012, Aksarben Company's total current assets were $300,000, Compute Aksarben's working capital before and after paying the account payable
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Compute regular depreciation for the following new assets ( consider Section 179, and bonus depreciation).
ACC204 - CORPORATE ACCOUNTING AND REPORTING - King's Own Institute - Prepare the consolidated financial statements of Ethan Ltd at 30 June 2018
On the basis of the net present value method, should Asafi replace the existing assembly equipment
The income tax rate is 35%. Round arithmetic computations to one digit after the decimal point. How do you figure out GenMet's net income for fiscal year 2013
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