Company No. 364372 H SYF RESOURCES BERHAD (Incorporated in Malaysia) REPORT AND FINANCIAL STATEMENTS 31 JULY 2014 INDEX ****** Page No. DIRECTORS’ REPORT 1-6 STATEMENT BY DIRECTORS 7 STATUTORY DECLARATION 8 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS 9 - 11 STATEMENTS OF FINANCIAL POSITION 12 - 13 STATEMENTS OF COMPREHENSIVE INCOME 14 - 15 STATEMENTS OF CHANGES IN EQUITY 16 - 19 STATEMENTS OF CASH FLOWS 20 - 22 NOTES TO THE FINANCIAL
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OF ACCOUNT REVALUATION OF PROPERTY PLANT EQUIPMENT Under IFRS it is acceptable, but not required to restate the values of property, plant and equipment to a fair value; fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing partners in an arm’s length transaction. Such a policy must be applied to all asset of a particular class. It would therefore be acceptable for an entity to revolve free hold properties every three (3) years. The
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CHAPTER 4 Completing the Accounting Cycle ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |Learning | |Questions | |Exercises | |Do It! | |Objectives | |
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Chapter 3 The Balance Sheet and Financial Disclosures Exercise 3–3 1. f Accrued interest payable 10. a Supplies 2. d Franchise 11. c Machinery 3. -c Accumulated depreciation 12. c Land, in use 4. a Prepaid insurance, for 2014 13. f Unearned revenue 5. g Bonds payable, due in 10 years 14. d Copyrights 6. f Current maturities of long-term debt 15. h Preferred stock
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DataChapter 4 Homework (4/22) EXERCISE 4-12 (a) 1. Equipment ........................................................ Cash.......................................................... Salaries and Wages Expense ......................... Cash.......................................................... 2. Cash .................................................................. Service Revenue ............................... Cash .................................................................. Accounts
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Financials Prepared by: Cynthia Servison April 14, 2015 The amount of property and equipment on the balance sheet for the two most recent years are (dollars in millions) $27,743 (2014) and $25,867 (2013). Depreciation expense is (dollars in millions) $4,187 (2014) and $3,959 (2013). Amounts on the cash flow statement for depreciation is $8,067 (2014). Expenditure incurred on purchase of property, plant and equipment is called capital expenditure. Such an expenditure is capitalized which means
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must be recorded at the cost at which they were acquired. Although plant assets can fluctuate in fair market value, their book value will remain consistent. Companies must compute the total deprecation of the asset and allocate it over the useful life of the asset. (B). 1)$5000-Land 2) $200- Equipment 3) $850-Equipment 4) $17,500-Land Improvements 5) $250-Equipment 6) $8000-Equipment 7) $900-Equipment 8) $75-Equipment E9-7 (A) 1. Cost - | Salvage Value = | Depreciation Cost
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EXERCISE 5-3 (15-20 minutes) | | | |Financial | | |Classification |Monetary |Instrument | | |1. | | | | |2. | |X
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Income Tax Rebates For Resident Individual With Chargeable Income Less Than RM35,000 |No. |Tax Rebate |Year Of Assessment |Year Of Assessment | | | |2001 - 2008 |2009 Onwards | | |
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Chapter 11: Reporting and Interpreting Stockholders’ Equity * Corporate Ownership * Shares of stock can be purchased in small amounts. * Ownership interests are transferable. * Stockholders are not liable for the corporation’s debts * Common stock – the basic voting stock issued by a corporation to stockholders. * Voting rights * Dividends * Residual claim – if the company ceases operations, stockholders share in any assets remaining after
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