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1. From your review of note 3.7, how does the company determine whether a sale has occurred?
2. Using the consolidated income statement and consolidated statement of financial position identify TWO items that may result in adjusting entries for deferrals.
3. Using the consolidated income statement, identify TWO items that may result in adjusting entries for accruals.
4. Is Zetar Plc using a multiple-step or a single-step income statement format? Explain how you made your determination.
5. What is the approximate tax rate of Zetar Plc's "Tax on profit from continuing activities?"
6. Using the notes to Zetar Plc's financial statements, explain what each of the following are:
a) Adjusted results
b) One-off items
Compute the future value of Rs.5000 at the end of 6 years, whether nominal interest rate is 12 percent and the interest is allocated (payable) quarterly at frequency = 4 Soluti
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Joe has two children, Sydney age 5 and William age 2, that he wants to provide for their education funding. Currently, tuition is $10,000 per year and tuition inflation is 6%. Jo
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In February, one of Team Shirts' best customers went bankrupt owing team shirts $85. Team shirts uses the sales method for estimating bad debts. February sales were $15,000. The ac
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1. What cost flow assumption does the company use to value inventories? 2. What was the amount of expense that the company reported for inventory write-downs during 2011? 3
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