User Account

All Pages

Which financial statements for the year ended june

Assignment Help Financial Accounting
Reference no: EM132940153

Problem 1: ATS workers went on strike for an indefinite period commencing on 5 August 2019. The strike was expected to cause adverse financial conditions for the company. The financial statements for the year ended 30 June 2019 were expected to be finalized by 7 August 2019. The appropriate treatment regarding this event is:

A. disclosure as a note to the financial statements, as it is a non-adjusting event.

B. disclosure as a note to the financial statements, as it is an adjusting event.

C. to adjust the financial statements, as it is a non-adjusting event.

D. to adjust the financial statements, as it is an adjusting event.

Reference no: EM132940153

Questions Cloud

What is the journal entries if sarah takes three weeks : What is the journal entries if Sarah takes 3 weeks for annual leave entitlement and 1 week for sick leave entitlement, with a tax 30%?
General process for conforming to pay equity legislation : Discuss the general process for conforming to pay equity legislation.
Which is required to be disclosed in a note to the statement : Which is required to be disclosed in a note to the statement of cash flows? details of the cash flows arising from the acquisition or disposal of non-current.
Which company experienced a number of material events : Just before the finalization of the financial statements for the year ended 30 June 2020, a company experienced a number of material events, including
Which financial statements for the year ended june : Which financial statements for the year ended 30 June 2019 were expected to be finalized by 7 August 2019. The appropriate treatment regarding this event is
What the correct accounting treatment of the event is to : Material depreciable asset was incorrect due to a change in the way the asset was being used. The correct accounting treatment of this event is to
Assess the different methods used in hrm practices : "Assess the different methods used in HRM practices, providing specific examples to support evaluation within an organisational context"
Assignment-human resource information system : The VP of HR has advised that the new HRIS system has been approved and you have been asked to take on this responsibility. Prepare a report that includes all o
Which of the factors indicate the existence of control : According to IFRS 10 Consolidated Financial Statements, which of the factors indicate the existence of control? Ownership of more than 50% of the voting rights.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Question 1 before considering any of the subsequent jacks

question 1. before considering any of the subsequent jacks agi was 80000. as an employee jack incurred the subsequent

  Determine the revenue budget for the hospital

Using the weighted encounters, determine the revenue budget for the hospital using the assumptions that the value per weighted encounter is $100

  The income statement is prepared from

The income statement is prepared from: When is revenue recognized in the following situations?

  Present value of an ordinary annuity

On January 1, Mojo Company purchased a new machine for $100,000 to be depreciated over 5 years. It will have no salvage value at the end of its useful life. For both book and tax purposes, depreciation will be $20,000 per year.

  Which of the types of contributions

A superannuation fund can accept which of the following types of contributions on behalf of a 76 year old member? A Downsizer contribution

  Calculate the required rate of return on the equity

Rs. 3 whereas it's market price has reduced to Rs. 15. The growth rate of dividend remains unchanged. Compute the new WACC for the company.

  What approch do think would be most valuable in valuing new

What approch do think would be most valuable in valuing a new, high growth company. Assume you have a limited amount of historical financial information

  How long will take savings to grow

If interest rates are 10%, how long will it take his savings to grow to $5,972? John has $2,000 in his savings account and can save an additional $1,000

  Compute the ending capital balances for all partners account

April, June, and Janet started a partnership on Jan 1, 2015 (AJUJA ENTERPRISES). April contributed cash of $60,000 for 20% equity interest. June contributed cash of $40,000 and equipment with a market value of $80,000 for 40% equity interest

  Evaluating the cash flow statements of an entity

Explain why each of these is important for an analyst to understand in terms of the overall economic characteristics of a firm's industry.

  Develop journal entries for all of accounting transactions

Develop journal entries for all of the accounting transactions in January for Fishy Farm - create an income statement for the month of January for Fishy Farm and reconstruct the balance sheet for Fishy Farm as of January 31, 20x1.

  Compute for the initial carrying amount of the loan

The bank charges the entity an 8.74% nonrefundable loan origination fee. Compute for the initial carrying amount of the loan

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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