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17. Cabarita Ltd is involved in manufacturing swimming pool accessories. Cabarita Ltd's statement of financial positions...
Only Answer Question 1 Please Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit o...
Only Answer Question 1 Please
Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit or loss and other comprehensive income for the year ended 30 June 2019 LO3, 4, 5 30 June 2018 30 June 2019 $ 35000 105000 $45000 69000 (3000) 45000 53000 187 000 (35 000) $361000 Cash Trade receivables Allowance for doubtful debts Inventories Equity investments Plant Accumulated depreciation (6000)...
ONLY ANSWER QUESTION 2 PLEASE. Please include any T Accounts used to figure out values. Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd...
ONLY ANSWER QUESTION 2 PLEASE.
Please include any T Accounts used to figure out
values.
Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit or loss and other comprehensive income for the year ended 30 June 2019 LO3, 4, 5 30 June 2018 30 June 2019 $45000 69000 $ 35000 Cash Trade receivables 105000 (6000) 67000 60000 225000 (3000) 45000 53000 Allowance for...
The draft statement of profit or loss of Event Light Ltd for the year ended 30...
The draft statement of profit or loss of Event Light Ltd for the year ended 30 June 2020 showed a profit before tax of $25 240, included the following items of income and expense: Government grant (exempt from tax) Proceeds on sale of plant Carrying amount of plant sold Impairment of goodwill Bad debts expense Depreciation expense – plant Insurance expense Long-service leave expense 6 000 23 000 20 000 11 100 8 100 14 000 12 900 14 500...
Kingdom is a public listed manufacturing company. Its draft summarised financial statements for the year ended...
Kingdom is a public listed manufacturing company. Its draft summarised financial statements for the year ended 30 September 2013 (and 2012 comparatives) are: Statements of profit or loss and other comprehensive income for the year ended 30 September: 2013 2012 $’000 $’000 Revenue 44,900 44,000 Cost of sales (31,300) (29,000) ––––––– ––––––– Gross profit 13,600 15,000 Distribution costs (2,400) (2,100) Administrative expenses (7,850) (5,900) Investment properties – rentals received 350 400 – fair value changes (700) 500 Finance costs (600)...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
Vittoria Ltd requires a Statement of Cash Flows to be prepared for the year ended 31...
Vittoria Ltd requires a Statement of Cash Flows to be prepared for the year ended 31 March 2018, the following information has been collected for this purpose. Vittoria Ltd Balance Sheets as at 31 March 2017 2018 Cash $176 000 $239 000 Accounts receivable 220 000 280 000 Allowance for doubtful debts (30 000) (40 000) Inventory 90 000 100 000 Plant and equipment 900 000 1 074 000 Accumulated depreciation (80 000) (100 000) Total assets $1 276 000...
E12.7 Prepare horizontal and vertical analyses. LO2, 3 The statement of financial position for Bondi Ltd is presented b...
E12.7 Prepare horizontal and vertical analyses. LO2, 3 The statement of financial position for Bondi Ltd is presented below. BONDI LTD Statement of financial position as at 30 June 2020 2019 2020 ASSETS Current assets $ 88 000 $ 80 000 Property, plant and equipment (net) 81 000 90000 Intangibles 31 000 40 000 $200 000 $210 000 Total assets LIABILITIES AND EQUITY 52000 $48000 Current liabilities Non-current liabilities 135 000 150 000 Equity 13 000 12 000 Total liabilities...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a sta...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a statement of cash flows, including asset revaluations, bones share ise and transfer to resernes, using direct and indinect methods SIMIC AND NIKOLIC LTD Statement of financial position as at 30 June 2016 (LO3) 2016 2015 $000 $000 Assets Current assets 3150 1240 Cash 1 220 1 100 Accounts receivable Allowance for doubtful debts (60) 1520 60 (50) 1300 Inventory Prepaid...
P owns 80% in S Ltd. P own 30% in A Ltd. The following items appear...
P owns 80% in S Ltd. P own 30% in A Ltd. The following items appear in their respective statement of profit or loss and other comprehensive income for the year ended 31 December 20x8: P Ltd S Ltd A Ltd $’000 $’000 $’000 Profit after tax 8,000 6,000 5,000 Other comprehensive income Revaluation surplus 6,000 5,000 2,000 Fair value gain 4,000 2,000 1,000 How to present this in the consolidated profit or loss statement of equity for the year...
This is the Trial Balance of Al Capone Distilleries Pty Ltd (ACD) as of 30th June...
This is the Trial Balance of Al Capone Distilleries Pty Ltd (ACD) as of 30th June 2020. Sales 925000 Interest revenue 20000 Gain on sale of plant & equipment (PPE) 9000 Cost of goods sold 550000 Financing expenses 16000 Selling and distribution expenses 45000 Administrative expenses 28000 Income tax expense 72000 Other details: (a) Al Capone recognised a revaluation gain of $18 000 net of tax for available-for-sale investments the business held during 2020. (b) None of the available-for-sale investments...
Only Answer Question 1 Please
Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit or loss and other comprehensive income for the year ended 30 June 2019 LO3, 4, 5 30 June 2018 30 June 2019 $ 35000 105000 $45000 69000 (3000) 45000 53000 187 000 (35 000) $361000 Cash Trade receivables Allowance for doubtful debts Inventories Equity investments Plant Accumulated depreciation (6000)...
ONLY ANSWER QUESTION 2 PLEASE.
Please include any T Accounts used to figure out
values.
Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit or loss and other comprehensive income for the year ended 30 June 2019 LO3, 4, 5 30 June 2018 30 June 2019 $45000 69000 $ 35000 Cash Trade receivables 105000 (6000) 67000 60000 225000 (3000) 45000 53000 Allowance for...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
E12.7 Prepare horizontal and vertical analyses. LO2, 3 The statement of financial position for Bondi Ltd is presented below. BONDI LTD Statement of financial position as at 30 June 2020 2019 2020 ASSETS Current assets $ 88 000 $ 80 000 Property, plant and equipment (net) 81 000 90000 Intangibles 31 000 40 000 $200 000 $210 000 Total assets LIABILITIES AND EQUITY 52000 $48000 Current liabilities Non-current liabilities 135 000 150 000 Equity 13 000 12 000 Total liabilities...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a statement of cash flows, including asset revaluations, bones share ise and transfer to resernes, using direct and indinect methods SIMIC AND NIKOLIC LTD Statement of financial position as at 30 June 2016 (LO3) 2016 2015 $000 $000 Assets Current assets 3150 1240 Cash 1 220 1 100 Accounts receivable Allowance for doubtful debts (60) 1520 60 (50) 1300 Inventory Prepaid...
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