Homework Answers
Balance of Payment or also known as Balance of international Payments , includes the transactions which is made with/by nonresidents , On that basis some of the points in Questions does not make any changes to the balance of payment
These are
Morgan Stanley Bought US Treasury Bills worth $1 Billion , Morgan Stanley is the US based company
A Senior residing in New York Moved to the Orange County and brought the retirement savings worth 700,000, He is only Changing states but is still in the USA
1)Current +400,000
2)Not in balance of Payment
3)Current -30,000
4)Capital -1,000,000
5)Current +500,000
6)Current -100,000
7)Not in balance of Payment
8)Financial +800,000
a)400,000-30,000+500,000-100,000=770,000
b)-1,000,000
c)+800,000
d)+570,000
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2. Consider the following events: shit Uverseas telecommunication companies are paying $400,000 to US filmmakers for...
consider the following events: overseas telecommunication companies are paying 400,000 to US filmmakers for broadcasting tv...
consider the following events: overseas telecommunication companies are paying 400,000 to US filmmakers for broadcasting tv shows Morgan Stanley bought US treasury bills worth 1 billion A Canadian liquor store LCBO sold ice vine worth 100,000, 30,000 of which was sold to US customers A US telecom company bought patents from Nokia (Finland) for 1 million Wells Fargo received 500,000 in dividends from overseas holdings US government contributed 100,000 to the BIRD foundation sponsoring research at Tel Aviv University A...
On June 30, 2017, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its...
On June 30, 2017, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2017, were as follows: Wisconsin Badger Revenues $ (900,000 ) $ (300,000 ) Expenses 660,000 200,000 Net...
Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30 Assets Current assets:...
Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30 Assets Current assets: Cash $ 21,000 Accounts receivable, net 160,000 Merchandise inventory 300,000 Prepaid expenses 9,000 Total current assets 490,000 Plant and equipment, net 810,000 Total assets $ 1,300,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 200,000 Bonds payable, 10% 300,000 Total liabilities 500,000 Stockholders’ equity: Common stock, $5 par value $ 100,000 Retained earnings 700,000 Total stockholders’ equity 800,000 Total liabilities and stockholders' equity $...
You have recently been appointed as assistant to the financial controller of Frank plc, a manufacturing...
You have recently been appointed as assistant to the financial
controller of Frank plc, a manufacturing company. He has asked you
to help with the finalisation of the financial statements for the
year ended 31 December 2018 and year ended 31 December 2019.
(a) The Key Financial Information for Frank plc for the last two years are as follows: Year 2018 Year 2019 Cash £30,000 £20,000 Accounts Receivables 200,000 260,000 Inventory 400,000 480,000 Property, Plant and Equipment 800,000 800,000 Total...
On 1 July 2032, Kiwi Ltd, a company based in Auckland, New Zealand, acquired all of...
On 1 July 2032, Kiwi Ltd, a company based in Auckland, New Zealand, acquired all of the issued shares of Seattle Ltd, an American software development company based in Washington State. The trial balance in US dollars) for Seattle Ltd for the last two years appears below: Y/E 30/06/33 Deblt Credit 225,000 50,000 350,000 1,025,000 $ 2,300,000 300,000 1,800,000 325,000 200,000 800,000 500,000 825,000 1,200,000 1,800,000 500,000 300,000 500,000 4,000,000 2,100,000 100,000 125,000 100,000 712,500 Y/E 30/06/32 Deblt Credit 400,000...
QUESTION 2 (25 MARKS) The following items were disclosed in the Statement of Financial Position of Adanees Berhad as at 31 October 2015 Adaness Berhad Statement of Financial Position as at 31 Octo...
QUESTION 2 (25 MARKS) The following items were disclosed in the Statement of Financial Position of Adanees Berhad as at 31 October 2015 Adaness Berhad Statement of Financial Position as at 31 October 2015 RM 200,000 Authorised Capital 200,000 5% Redeemable preference shares of RM 1 00 each 300,000 Ordinary shares of RM2.00 each 600,000 800,000 Issued Shares Capital 200,000 300,000 000 5% Redeemable preference shares of RM 1 .00 each 200, 150,000 Ordinary shares of RM2.00 each Reserves 116,000...
PLEASE COMPLETE THE ANSWER SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 RBB RETAILING CORPORATION Statement...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 SAT 1.5 SAT 1.6 SAT 1.7 SAT 1.8...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
How do you fill out the income statement with the information above? Dawson, Inc. Trial Balances...
How do you fill out the income statement with the information
above?
Dawson, Inc. Trial Balances Dec 31, 2018 & 2017 Account # Account Description 1000 Cash 1050 Investments - Trading Prior Year Ending - FINAL 31-Dec-2017 Debit Credit 5,785,000 500,000 Current Year Ending - FINAL 31-Dec-2018 Credit 5,210,000 500,000 $ 15,000 3,800,000 5,000 4,900,000 140,000 220,000 1051 1100 1150 1200 1310 1320 1700 3,350,000 40,000 270,000 300,000 118,000 300,000 4,665,000 45,000 80,000 370,000 340,000 130,000 300,000 1720 1730 1810...
hi, I need help about it: Balance Sheet Project Description: A balance sheet is a section of an annual t...
hi, I need help about it:
Balance Sheet Project Description: A balance sheet is a section of an annual tinancial report that presents the Company's osscts and liabilities. It provides the users of this statement key measures of the Company's liquidity and its ability to meet its current and future obligations as well as summarizes how the assets and liabilities are presented. Ta complete this section, answer the following required question using information taken from the balance sheet for year...
You have recently been appointed as assistant to the financial
controller of Frank plc, a manufacturing company. He has asked you
to help with the finalisation of the financial statements for the
year ended 31 December 2018 and year ended 31 December 2019.
(a) The Key Financial Information for Frank plc for the last two years are as follows: Year 2018 Year 2019 Cash £30,000 £20,000 Accounts Receivables 200,000 260,000 Inventory 400,000 480,000 Property, Plant and Equipment 800,000 800,000 Total...
On 1 July 2032, Kiwi Ltd, a company based in Auckland, New Zealand, acquired all of the issued shares of Seattle Ltd, an American software development company based in Washington State. The trial balance in US dollars) for Seattle Ltd for the last two years appears below: Y/E 30/06/33 Deblt Credit 225,000 50,000 350,000 1,025,000 $ 2,300,000 300,000 1,800,000 325,000 200,000 800,000 500,000 825,000 1,200,000 1,800,000 500,000 300,000 500,000 4,000,000 2,100,000 100,000 125,000 100,000 712,500 Y/E 30/06/32 Deblt Credit 400,000...
QUESTION 2 (25 MARKS) The following items were disclosed in the Statement of Financial Position of Adanees Berhad as at 31 October 2015 Adaness Berhad Statement of Financial Position as at 31 October 2015 RM 200,000 Authorised Capital 200,000 5% Redeemable preference shares of RM 1 00 each 300,000 Ordinary shares of RM2.00 each 600,000 800,000 Issued Shares Capital 200,000 300,000 000 5% Redeemable preference shares of RM 1 .00 each 200, 150,000 Ordinary shares of RM2.00 each Reserves 116,000...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
How do you fill out the income statement with the information
above?
Dawson, Inc. Trial Balances Dec 31, 2018 & 2017 Account # Account Description 1000 Cash 1050 Investments - Trading Prior Year Ending - FINAL 31-Dec-2017 Debit Credit 5,785,000 500,000 Current Year Ending - FINAL 31-Dec-2018 Credit 5,210,000 500,000 $ 15,000 3,800,000 5,000 4,900,000 140,000 220,000 1051 1100 1150 1200 1310 1320 1700 3,350,000 40,000 270,000 300,000 118,000 300,000 4,665,000 45,000 80,000 370,000 340,000 130,000 300,000 1720 1730 1810...
hi, I need help about it:
Balance Sheet Project Description: A balance sheet is a section of an annual tinancial report that presents the Company's osscts and liabilities. It provides the users of this statement key measures of the Company's liquidity and its ability to meet its current and future obligations as well as summarizes how the assets and liabilities are presented. Ta complete this section, answer the following required question using information taken from the balance sheet for year...
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