IFRS习题(一)题目 Section A 1、 On 1 October 2005 Hydan, a publicly listed company, acquired a 60% controlling interest in Systan paying $9 per share in cash. Prior to the acquisition Hydan had been experiencing difficulties with the supply of components that it used in its manufacturing process. Systan is one of Hydan’s main suppliers and the acquisition was motivated by the need to secure supplies. In order to finance an increase in the production capacity of Systan, Hydan made a non-dated loan at
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CASESuper Electronics, Inc.: Financial Reporting of Sales Incentives and Vendor Allowances | Company Overview Super Electronics, Inc. (SE or the Company) is a regional specialty retailer of consumer electronics, home office products, entertainment software, appliances, and related services. The Company has committed to the goals of growth and innovation ever since its incorporation in 1990. It was among the first few large retailers to sell emerging electronics items such as digital cameras,
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Importance of Separation of Duties Student CMGT/430 Date Professor The Importance of Separation of Duties Introduction Riordan Manufacturing is one of the industry leaders in the field of plastic molding injection. The company headquarters office is in San Jose, California and has three other plants, including one international location. The list of locations includes Albany, Georgia, Pontiac, Michigan and Hangzhou, China. The San
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1. Analysis of the statement of cash flows suggests that this strategy was implemented during year 8. Specifically, during that year the cash flows of Land’s End to build up its inventory to implement its new policy are very high---$104.545 million cash outflow to acquire additional inventory. 2. Depreciation expense represents the allocation of the cost of fixed assets over the useful life of the asset. Amortization expense represents the allocation of the cost of intangible assets over the
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11345 | 200701-1 Capital 10,00005-1 Cash 75012-1 Cash 50024-1 J.Carlton 95 ____ 11345 Balance b\d | Dr Capital Cr 20071-1 Bank 10,000
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Construction in Process ....................................... 3,000,000 18-44 Copyright © 2011 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 14/e, Solutions Manual (For Instructor Use Only) PROBLEM 18-3 (Continued) (c) CHANCE COMPANY Balance Sheet (Partial) December 31, 2013 Current assets: Accounts receivable ($2,000,000 – $1,950,000) ................................ $ 50,000 Inventories Construction in process ($1,560,000 + $690,000)........................... $2,250,000 Less:
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ANALYSIS OF BALANCE SHEET The condensed statement and trend analysis show that from 2010 to 2012, the company’s total assets increased by 11%. Current assets and PPE increased by 13% and 9% respectively but on the other hand, goodwill and other assets continued to decrease by 13% and 3% respectively. Increase in deposits with banks and thefederal reserve and purchase under resale agreements were so significant and contributed to the total increase in assets. Deposits increased from $85,279 in 2010
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The asset cost RM1000 on 1.1.x1 and the depreciation rate is 50 % of the book value or reduced balance. Full year depreciation is adopted. Difference btw straight line method(on cost basis) and Reducing Balance Method (on net book VALUE) Using Straight Line Method, the % of depeciation is based on the COST Yr x 1 the depreciation is = 50 x RM1000 = RM500 Effect is the NET BOOK VALUE = COST OF ASSET – DEPRECIATION of ASSET Yr 1 = THE BOOK VALUE = 1000 – 500 = RM500 Yr x 2 the depreciation
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With regards to the potential purchase of MML, analysis of the financial statements and notes from discussion with MML Management was completed. The following memo pertains to the suggested journal entries and notes to the financial statements to address the concerns under IFRS. Loss during the year MML’s loss during the year is a one-time event and not considered an ordinary course of business. However, not enough information was provided to determine whether the loss was dependent on the
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ASSIGNMENT in FINANCIAL ACCOUNTING Case 2-1: MAYNARD COMPANY (A)* 1. Prepare balance sheets as of June 1 and as of June 30, in proper format. 2. Make comments about how the financial condition as of the end of June compared with that at the beginning of June. In terms of retained earnings, the financial condition of Maynard Company as of June 30 is healthy at $229,446 which has increased from $221,511 as of June 1. Although the current ratio on June 30 at 2.15 is lower than the current
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