Question: QUESTION TWO Salvador Ryan Is An Accountant And The Director Of His Accounting Practice, Darwin Taxation Services Pty Ltd. The Following Figures Do Not Include GST. The Company Receipts Ard Payments For The Year Ended 30 June 2017 Are As Follows: Receipts 600,000 25,000 17,000 Professional Accounting Fees Sales Of Do-It-Yourself Superannuation Guides …

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Get college assignment help at uniessay writers QUESTION TWO Salvador Ryan is an accountant and the Director of his accounting practice, Darwin Taxation Services Pty Ltd. The following figures do not include GST. The company receipts ard payments for the year ended 30 June 2017 are as follows: Receipts 600,000 25,000 17,000 Professional accounting fees Sales of Do-It-Yourself Superannuation guides Dividend received from an Australian company franked to 50 % Interest on Bank Deposits Rental income from an investment property Profit on sale of office equipment (note 1) Dividend from shares in IBM (USA) (3) 5,000 10,000 2,000 850 Раyments s Office rent Cast of Do-It-Yourself Superannuation guides (note 2) Salary paid to employee secretary Train fare for travel to and from work 14,000 0,000 38,000 1,000 1,000 Legal fees for preparing a new lease of the office Rates paid on abovementioned investment property Interest paid on loan to acquire the investment property Cast of painting the investment property immediately after purchasing the property 2,000 15,000 5,000 1,000 Cast of replacing raof tiles on the investment property after the roof was damaged in a severe storm in February 2017 Cast of extending the bathroom in the investment property Cost of a new BMw for Salvador to use 100 % for business purposes 15,000 136,000 Notes ()Profit on sale of office equipment The office equipment was purchased on 1 July 2015 for S10,000. Salvador estimated its effective life for taxation purposes at the time of purchase at 10 years. He uses the prime cost method Sale proceeds sale date 30 June 2017 s5,000 Net book value based on accounting depreciation Profit 3.000 2,000 The Opening stock value for tax purposes was $19,000 (2) The FIFO Method however produces the following results for the Do-It-Yourself Superannuation guides at the end of the year S Cost Price 12,000 9,000 14,000 Replacement Price Market Selling Value (3) Withholding tax of $150 was paid in the US (4) The company has a carry forward past year tax loss of S42,000. The company has made PAYG Instalments of $150,000 during the year (5) REQUIRED Calculate Company’s tax payable for the year ended 30 June 2017 (20 marks)

Question: 16. Lido Products Produces Two Products, A And B, From A Joint Process. The Joint Cost Of Production Is $80 000. 5000 Units Of Product A Can Be Sold At Split-off For $20 Per Unit Or Processed Further At An Additional Cost Of $20 000 And Sold For $25 Per Unit. 10,000 Units Of Product B Can Be Sold At Split-off For $15 Per Unit Or Processed Further At …

16. Lido Products produces two products, A and B, from a joint process. The joint cost of production is $80 000. 5000 units of Product A can be sold at split-off for $20 per unit or processed further at an additional cost of $20 000 and sold for $25 per unit. 10,000 units of Product B can be sold at split-off for $15 per unit or processed further at an additional cost of $20 000 and sold for $16 per unit What is the difference in profit if Lido decides to process further Product A, instead of selling it at split-off? A. $25 000 increase B. $5000 increase C. $21 000 increase D. $27 000 decrease

Question: On January 1, 2017, Holland Corporation Paid $9 Per Share To A Group Of Zeeland Corporation Shareholders To Acquire 60,000 Shares Of Zeeland’s Outstanding Voting Stock, Representing A 60 Percent Ownership Interest. The Remaining 40,000 Shares Of Zeeland Continued To Trade In The Market Close To Its Recent Average Of $8.00 Per Share Both Before And After …

On January 1, 2017, Holland Corporation paid $9 per share to a group of Zeeland Corporation shareholders to acquire 60,000 shares of Zeeland’s outstanding voting stock, representing a 60 percent ownership interest. The remaining 40,000 shares of Zeeland continued to trade in the market close to its recent average of $8.00 per share both before and after the acquisition by Holland. Zeeland’s acquisition date balance sheet follows: S 14,200 328,200 Current assets Liabilities 215,000 Property and equipment (net) Patents Common stock 100,000 220,000 Retained earnings 192,600 535,000 535,000 On January 1, 2017, Holland assessed the carrying amount of Zeeland’s equipment (5-year remaining life) to be undervalued by $57,000. Holland also determined that Zeeland possessed unrecorded patents (10-year remaining life) worth $295,400. Zeeland’s acquisition-date fair values for its current assets and liabilities were equal to their carrying amounts. Any remaining excess of Zeeland’s acquisition-date fair value over its book value was attributed to goodwill The companies’ financial statements for the year ending December 31, 2018, follow: The companies’ financial statements for the year ending December 31, 2018, follow: Holland S Zeeland (430,500) 201,000 33,800 20,800 62,900 Sales (663,900) 336,800 83,000 14,200 Cost of goods sold Depreciation expense Amortization expense other operating expenses 52,800 Equity in Zeeland earnings (42,636) C S (219,736) (112,000) Separate company net incone Retained earnings 1/1 Net income (820,400) (219,736) 50,000 (301,900) (112,000) 30,000 Dividends declared (990,136) (383,900) Retained earnings 12/31 S Current assets 125,200 589,212 839,000 149,400 83,500 Investment in Zeelandi Property and equipment (net) Patents 261,000 149,500 1,702,812 494,000 Total assets $ (10,100) Liabilities Common stock- lol1and Common atoek Zeeland Retained earnings 12/31 (392,676) (320,000) C (100,000) (383,900) $ (494,000) (990,136) Total liabilities and owners equity $(1,702,812) At year-end, there were no intra-entity receivables or payables. a. Compute the amount of goodwill recognized in Holland’s acquisition of Zeeland and the allocation of goodwill to the controlling and noncontrolling interest. b. Show how Holland determined its December 31, 2018, Investment in Zeeland account balance. c. Prepare a worksheet to determine the amounts that should appear on Holland’s December 31, 2018, consolidated financial statements Req A and B Req C a. Compute the amount of goodwill recognized in Holland’s acquisition of Zeeland and the allocation of goodwill to the controlling and noncontrolling interest. b. Show how Holland determined its December 31, 2018, Investment in Zeeland account balance. Amount Goodwill S 187,600 a1 Controlling Interest NCI Goodwill allocation a2. Amount Investment in Zeeland 12/31/18 Noncontrolling Consolidation Entries Consolidated Totals Accounts Holland Zeeland Debit Credit Interest (663,900) (430,500) Sales Cost of goods sold 336,800 201,000 Depreciation expense 83,000 33,800 Amortization expense 14,200 20,800 Other operating expenses 52,800 62,900 Equity in Zeeland earnings (42,636) 0 Separate company net income Consolidated net income Noncontrolling interest in CN (219,736) $(112,000) Controlling interest net income Retained earnings, 1/1/18 $ (301,900) (820,400) Net income (219,736) (112,000) Dividends declared 30,000 50,000 Retained earnings, 12/31 (990,136) $ (383,900) 125,200 Current assets 83,500 Investment in Zeeland, Inc 589,212 Property and equipment (net) 839,000 261,000 Patents 149,400 149,500 Goodwill $1,702,812 $ Total assets 0 494,000 Liabilities (392,676) (10,100) Common stock (320,000) (100,000) Noncontrolling interest Retained earnings, 12/31 Total liabilities and equities (383,900) (990,136) S 0 0 0 (1,702,812) (494,000)

Question: (a) Midnight Boil Ltd Sells Electricity Generated From Its Nuclear Power Plant. Its Managing Director, Peter Polly, Is Not Overly Concerned About The Environment But Nevertheless Knows That The Company Has A Legal Obligation To Clean Up The Site In 20 Years’ Time When The Plant Is Shut On 30 June 2039. As At 30 June 2019, The Best Estimate To Clean …

(a) Midnight Boil Ltd sells electricity generated from its nuclear power plant. Its managing director, Peter Polly, is not overly concerned about the environment but nevertheless knows that the company has a legal obligation to clean up the site in 20 years’ time when the plant is shut on 30 June 2039. As at 30 June 2019, the best estimate to clean up the site (in 2039) is $10 500 000 One year later, on 30 June 2020, the best estimate at cleaning up the site (in 19 years’ time) is still considered to be $10 500 000 The pre-tax rates that reflect current market assessments of the time value of money and the risks specific to the liability were 7 per cent as at 30 June 2019 and 6 per cent as at 30 June 2020. Note: PV and Annuity tables are provided on the last page of this examination booklet Required: Provide the journal entries in relation to the above obligation for the years ending 30 June 2019 and 30 June 2020. Provide details of calculations. (6 marks) (b) Sandringham Mining Ltd has been mining in a particular coastal area. A requirement of the local Environmental Protection Authority is that the area be restored to a state that is beneficial to the local fauna. Required: Does a liability exist and, if so, when should a provision for restoration be recognised? (4 marks)

Neoclassicism, Impressionism, and Abstract Expressionism

Neoclassicism, Impressionism, and Abstract Expressionism

Question: Not Sure Why I Am Having Trouble With These Few Pieces Of The Problem. There Are A Few Parts That I Did Capture Twice But Cant Crop Out. Sorry!

Ir MOEAtry is required ror a tranisacion/’event, serectNOOUMarentry REquireaA the first’account nela” Credit No Date Account Title Debit 1 Jan 02 Cash 40,000 Common Stock 2,000 Additional Paid-in Capital 38,000 Accounts Receivable 2 Jan 09 18,800 Service Revenue 18,800 3 Jan 10 Supplies 6,500 Accounts Payable 6,500 Treasury Stock 4 Jan 12 20,900 Cash 20,900 Accounts Payable 5 Jan 15 18,100 18,100 Cash 6 Jan 21 Cash 50,700 Service Revenue 50,700 7 Jan 22 Cash 18,200 18,200 Accounts Receivable 3,200 Jan 29 Dividends Dividends Payable 3,200 CC LC 14,700 9 Jan 30 Cash Treasury Stock 13,300 Additional Paid-in Capital 1,400 Salaries Expense 43,600 10 Jan 31 Cash 43,600 Utilities Expense 7,800 11 Jan 31 Utilities Payable 7,800 Supplies Expense 12 Jan 31 2,400 Supplies 2,400 Jan 31 1,000 13 Depreciation Expense Accumulated Depreciation 1,000 Income Tax Expense 14 Jan 31 2,700 Income Tax Payable 2,700 15 Jan 31 Service Revenue Retained Earnings Utilities Expense 11 Jan 31 7,800 Utilities Payable 7,800 2,400(X 12 Jan 31 Supplies Expense Supplies 2,400 Depreciation Expense 1,000 13 Jan 31 Accumulated Depreciation 1,000 14 Jan 31 Income Tax Expense 2,700 Income Tax Payable 2,700 15 Jan 31 Service Reyenue Retained Earnings 16 Jan 31 Retained Earnings Supplies Expense Salaries Expense 43,600 Utilities Expense 7,800 Depreciation Expense Income Tax Expense 2,700 Retained Earnings 17 Jan 31 Dividends

Question: Cost-Volume-Profit Analysis (Solver And Goalseeking) Polyproducts Ltd Manufactures A Single Product For The Use In The Window Framing Industry. Operating Results For The Fiscal Year Just Ended For Polyproducts Ltd Are As Follows: Unit Selling Price $28.00 Unit Variable Costs $8.00 Fixed Costs $680 Tax Rate 30% Required: 1. Calculate The Breakeven Point …

Cost-Volume-Profit Analysis (Solver and Goalseeking) Polyproducts Ltd manufactures a single product for the use in the window framing industry. Operating results for the fiscal year just ended for Polyproducts Ltd are as follows: Unit Selling Price $28.00 Unit Variable Costs $8.00 Fixed Costs $680 Tax Rate 30% Required: 1. Calculate the breakeven point in sales units. 2. Calculate the number of units that must be sold at a price of $30.00 in order to earn a net profit after tax equal to 9% of sales revenue. 3. Calculate the selling price per unit that will generate an after tax return of 15% of total costs based on a sales volume of 42,000 units 4. How many units need to be sold to earn a net profit before tax equal to 20 % of total revenue?

Question: Wealc Question 1 Large Corporation Acquired All Of Broad Corpor For $480,000. At That Time Broad Reported Common Stock Ou S On January 1, 2018. Retained Earnings Of $130,000. The Book Values Of Broad’s Assets 0,000 And Abilities Approximated Fair Values, Except For Land, Which Had A Book Value Of $80,000 And Value Of $100,000, And Buildings, Which Had …

wealc Question 1 Large Corporation acquired all of Broad Corpor for $480,000. At that time Broad reported common stock ou s on January 1, 2018. retained earnings of $130,000. The book values of Broad’s assets 0,000 and abilities approximated fair values, except for land, which had a book value of $80,000 and value of $100,000, and buildings, which had a book value of $220,000 and a fair value of $400,000. Land and buildings are the only noncurrent assets that Broad holds. Ignore taxes. Required (a) Compute the amount of goodwill at the date of acquisition. (b) Give the consolidation entry or entries required immediately following the acquisition to prepare a consolidated balance sheet. Question 2 Broad Company purchased 70 percent of Minor Company’s stock approximately 20 years ago. On 1 January, 2019, Broad purchased a building from Minor for $600,000. Minor had purchased the building on 1 January, 2011, at a cost of $800,000 and used straight- line depreciation on an expected life of 20 years. The asset’s total estimated economic life is unchanged as a result of the intercompany sale. Ignore taxes. Financial year ends on 31 December. Required (a) What amount of depreciation expense on the building will Broad report for 2019? (b) What amount of depreciation expense would Minor have reported for 2019 if it had continued to own the building? (c) Give the consolidation entry or entries needed to eliminate the effects of the intercompany building transfer in preparing a full set of consolidated financial statements at December 31, 2019. (d) What amount of income will be assigned to the non-controlling interest in the consolidated income statement for 2019 if Minor reports net income of $280,000 for 2019?

Question: P11-11 Calculating Initial Investment Vastine Medical, Inc., Is Considering Replacing Its Ex- Isting Computer System, Which Was LG 4 3 Purchased 2 Years Ago At A Cost Of $325,000. The System Can Be Sold Today For $200,000, It Is Being Depreciated Using MACRS And A 5-year Recovery Period (see Table 4.2, Page 120.) A New Computer System Will Cost Purchase …

P11-11 Calculating initial investment Vastine Medical, Inc., is considering replacing its ex- isting computer system, which was LG 4 3 purchased 2 years ago at a cost of $325,000. The system can be sold today for $200,000, It is being depreciated using MACRS and a 5-year recovery period (see Table 4.2, page 120.) A new computer system will cost purchase and install. Replacement of the computer system would not $500,000 to involve any change in net working capital. Assume a 40% tax rate a. Calculate the book value of the existing computer system. b. Calculate the after-tax proceeds of its sale for $200,000. c. Calculate the initial investment associated with the replacement project.

Question: Brief Exercise 22-04 A1-a2 (Part Level Submission) Ivanhoe Company Accumulates The Following Data Concerning A Mixed Cost, Using Miles As The Activity Level Miles Total Miles Total Driven Driven Cost Cost January $14,120 $14,948 7,990 March 8,500 February 7,500 13,498 April 8,195 14,485 (a1) Your Answer Is Incorrect. Try Again Compute The Variable Cost …

Brief Exercise 22-04 a1-a2 (Part Level Submission) Ivanhoe Company accumulates the following data concerning a mixed cost, using miles as the activity level Miles Total Miles Total Driven Driven Cost Cost January $14,120 $14,948 7,990 March 8,500 February 7,500 13,498 April 8,195 14,485 (a1) Your answer is incorrect. Try again Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile 2623 Open Show Work Click if you would like to Show Work for this question:

Question: Foregn Curremty Sumi Reor Origin Gas Establishes A Subsidiary Operation In A Foreign Country On January 1, 2017. The Country’s Currency Is The Euro(€). To Start This Business. Origin Gas Invests 20,000 Euro. This Amount,it Spends 6,000 Euro(E) Immediately To Acquire Equipment. Later, On April 1, 2017, It Also Purchases Land. All Subsidiary Operational …

Get college assignment help at uniessay writers Foregn Curremty Sumi Reor Origin Gas establishes a subsidiary operation in a foreign country on January 1, 2017. The country’s currency is the Euro(€). To start this business. Origin Gas invests 20,000 Euro. this amount,it spends 6,000 Euro(E) immediately to acquire equipment. Later, on April 1, 2017, it also purchases land. All subsidiary operational activities occur at an even rate throughout the year. The U.S. dollar ($) exchange rates for the Euro(€) for 2017 follow January 1 April 1 June 1 €1.00= US$ 1.71 € 1.00 = US$ 1.59 €1.00 = US$ 1.66 €1.00 US$ 1.64 € 1.00 = US$ 1.62 Weighted average December 31 As of December 31, 2017, the subsidiary reports the following trial balance: Credits Debits € 18,000 18,000 6,000 Cash Accounts receivable Equipment Accumulated depreciation OLand Accounts payable Notes payable (due 2025) Common stock Dividends declared (1/06/17) Sales 1 Salary expense 1LDepreciation expense 13 Miscellaneous expenses Totals €1,200 10,000 8,000 8,000 20,000 Gauty 8,000 50,000 10,000 1,200 16,000 € 87.200 € 87,200 Being a corporation based in Ohio, Origin Gas uses the U.S. dollar as its reporting currency (a) Assume that the subsidiary’s functional currency is the Euro (€). Prepare a trial balance for it in U.S. dollars so that 2017 consolidated financial statements can be prepared (b) Assume that the subsidiary’s functional currency is the U.S. dollar. Prepare a trial balance for it in U.S. dollars so that 2017 consolidated financial statements can be prepared Cwreney Of unchout 1 3

Question: Chrome File Edit View History Bookmarks People Window Help G Engt X A Ama X G Gran X M Inbo X Https X Activ X Wee X C A Not Secure Ezto.mheducation.com/hm.tpx Ryder Cup 2016:.. Bookmarks O Manlifts. 1910.6. Ps Chromium (VI1) -1. TOXICOLO E11-4 Reporting Stockholders’ Equity LO11-1, 11-2, 11-3 The Following Information Applies To The Questions Displayed …

Chrome File Edit View History Bookmarks People Window Help G engt X a Ama X G Gran X M Inbo x https X Activ X Wee X C A Not Secure ezto.mheducation.com/hm.tpx Ryder Cup 2016:.. Bookmarks O Manlifts. 1910.6. ps Chromium (VI1) -1. TOXICOLO E11-4 Reporting Stockholders’ Equity LO11-1, 11-2, 11-3 The following information applies to the questions displayed below] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding $ 940,000 $ 810,000 1,010,000 94,000 68,000 $ 780,000 Dividends declared and paid The common stock was sold at a price of $27 per share. References Section Break E11-4 Reporting Stockholders’ Equity LO11-1, 11-2, 11-3 24. value: 4.31 points 32.648 MacBook 17 Chrome File Edit View History Bookmarks People Window Help G engt x a Ama: X G Gran X MInbo x http: X Activ A Not Secure ezto.mheducation.com/hm.tpx Apps Bookmarks Ryder Cup 2016:.. Manlifts. 1910.6… Chromium (VI) 24. value: 4.31 points E11-4 Part 1 Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital References eBook

Question: P10-22 Payback, NPV, And IRR Rieger International Is Attempting To Evaluate The Feasibility Of Investing $95,000 In A Piece Of Equipment That Has A 5-year Life. The Firm Has Esti- Mated The Cash Inflows Associated With The Proposal As Shown In The Following Table. Erm The Firm Has A 12% Cost Of Capital. S A Year (t) Cash Inflows (CF) $20,000 25,000 …

P10-22 Payback, NPV, and IRR Rieger International is attempting to evaluate the feasibility of investing $95,000 in a piece of equipment that has a 5-year life. The firm has esti- mated the cash inflows associated with the proposal as shown in the following table. erm The firm has a 12% cost of capital. s a Year (t) Cash inflows (CF) $20,000 25,000 3 30,000 4 35,000 40,000 a. Calculate the payback period for the proposed investment. b. Calculate the net present value (NPV) for the proposed investment. Calculate the internal rate of return (IRR), rounded to the nearest whole percent, for the proposed investment. d. Evaluate the acceptability of the proposed investment using NPV and IRR. What recommendation would you make relative to implementation of the project? Why? c.

Question: 简纸( 页) 班级: 17 CPA Canada 间卷教师: Select The Best Answer For Each Of The Following Unrelated Items. Marks Will Not Be Awarded For Explanations. (40 Marks, 2 Marks For Each) 1.Which Of The Following Groups Includes Only Financial Liabilities? A) Accounts Payable, Notes Payable, Warranties Payable. B) Bank Loan, Bonds Payable, Finance Lease …

简纸( 页) 班级: 17 CPA Canada 间卷教师: Select the best answer for each of the following unrelated items. Marks will not be awarded for explanations. (40 marks, 2 marks for each) 1.Which of the following groups includes only financial liabilities? A) Accounts payable, Notes payable, Warranties payable. B) Bank loan, Bonds payable, Finance lease bligation. C) Accounts payable, HST payable,Bonds payable. D) Bank overdraft, USD bank loan, Obligation under customer loyalty plan. 成绩: 2. Which statement is correct? A) Contingencies arise from future events. B) The amount to be paid for contingencies is known or C) Current liabilities arise from future events. reasonably estimable. D) The amount to be paid for current liabilities is known or reasonably estimable. 3. Gail was subsequently sued Glamour for $500,000 in damages. Glamour’s legal counsel advises that there is an 80% probability that the company will be found liable. If Glamour loses the case, the plaintiff (Gail) will be awarded damages between $50,000 and $70,000, with all outcomes injured when she slipped on a wet floor while shopping at Glamour Inc. Gail equally probable. Glamour is considered to be a publicly accountable enterprise. What is the appropriate accounting treatment with regard to this event on Glamour’s financial statements? A) Recognize a provision for $48,000 B) Recognize a provision for $50,000 C) Recognize a provision for $60,000 D) Recognize provision for $500,000 a 4. Which of the following is true? A) The declaration of a stock dividend gives rise to a liability C) Undeclared dividends in arrears on cumulative preferred shares are recorded as a liability. D) No note disclosure is required for the declaration of a stock split. revocable by the board of directors at any time before they are issued. B) Stock dividends are

Question: 2018/2019 学年第2学期期末考核试卷 6. A $100,000 5-year 6 % Bond Is Issued On The Market Rate Is 7%. What Is The Discount Or Premium Of The Sale Of The Bonds, Rounded To Nearest Dollar? January 1, 2017. The Bond Pays Interest Annually A) $4,100 Discount B) $4,100 Premium C) $95,900 Discount D) $100,000 Premium 7. Which Statement Is Correct? …

2018/2019 学年第2学期期末考核试卷 6. A $100,000 5-year 6 % bond is issued on The market rate is 7%. What is the discount or premium of the sale of the bonds, rounded to nearest dollar? January 1, 2017. The bond pays interest annually A) $4,100 discount B) $4,100 premium C) $95,900 discount D) $100,000 premium 7. Which statement is correct? A) Dividends an B) A corporation need only pay dividends when it declares them to be payable. never discretionary payments. C) A company can avoid a cumulative dividend on preferred shares if it declares dividends on common shares. D) Companies must pay the shareholders interest to compensate for the time value of money lost on the deferral of dividend payments. 8. Assume that a company issued 10,000 shares for $30 and a par value of $1/share. What entry would be required to reçord the repurchase and cancellation of 1,000 shares at $28/share? sháres for $28,000. A) Debit to common B) Debit to common shares for $1,000. C) Credit to contributed surplus for $29,000. D) Credit to contributed surplus for $1,000. 9. Which of the following statements is correct about accounting for financial liabilities? A) Financial liabilities can only be accounted for using amortized cost. only be accounted for using fair value though profit and loss. B) Financial liabilities can C) Financial liabilities can be accounted for using historical cost. D) Financial liabilities can be accounted for using amortized cost or fair value.

Question: F: What Type Of Information Is Provided In The Statement Of Earnings (also Called Income Statement Or Profit And Loss Statement)? Please Be As Brief As Possible. G: What Type Of Information Is Provided In The Statement Of Financial Position (also Called Balance Sheet)? Please Be As Brief As Possible. H: What Type Of Information Is Provided In The Statement …

F: What type of information is provided in the statement of earnings (also called income statement or profit and loss statement)? Please be as brief as possible. G: What type of information is provided in the statement of financial position (also called balance sheet)? Please be as brief as possible. H: What type of information is provided in the statement of cash flows? Please be as brief as possible.

Question: 27.8 (Modified) Layne Ltd Acquired 100 Per Cent Of The Share Capital Of Beachly Ltd On 1 July 2018 For A Cost Of $500 000. As At The Date Of Acquisition All Assets Of Beachly Ltd Were Fairly Valued, Other Than Land That Had A Carrying Amount $50 000 Less Than Its Fair Value. The Recorded Balances Of Equity In Beachly Ltd As At 1 July 2018 Were: Aup …

27.8 (Modified) Layne Ltd acquired 100 per cent of the share capital of Beachly Ltd on 1 July 2018 for a cost of $500 000. As at the date of acquisition all assets of Beachly Ltd were fairly valued, other than land that had a carrying amount $50 000 less than its fair value. The recorded balances of equity in Beachly Ltd as at 1 July 2018 were: Aup $ 350 000 Share capital Retained earnings 100 000 450 000 TMore tuses Required (a) Compute the amount of goodwill at the date of acquisition. (b) Give the consolidation entry or entries required immediately following the acquisition to prepare a consolidated balance sheet.

Question: B False MIM As A Predetermned Motion Ne Sysm Stands Fo A Methodds Time Measurement C Motion Time Measuement B. Model Test Model D. Mark To Market Is A Measure Of Equipment Reliabdity And Is Defined As The Equipmment Is Available To Run Relative To The Total Time It Could Be Used. 7 Peoportion Of Time A. Available Time Actual Working Time B. Efficiency …

b False MIM as a predetermned motion ne sysm stands fo a Methodds Time Measurement c Motion Time Measuement b. Model Test Model d. Mark to Market is a measure of equipment reliabdity and is defined as the equipmment is available to run relative to the total time it could be used. 7 peoportion of time a. Available time Actual working time b. Efficiency d. Availability 8. In worker process chart, one of the following t is not used NO a. d. b. 9. The reciprocal of demand rate of a given product adjusted for available shift time in the factory is: c. Standard time Cycle time a. d. Takt time b. Normal time 10. One of the following is false about time study a. Standard data system could be used to set standard times before the production starts. b. Predetermined motion time system could be used c. Both direct time study and work sampling, require an initial performed study d. Standard data system’s time could be represented using formulas, tables or charts. to direct time study input as an to start the full one.

Question: 8The Standard Time Is To Be Established Fir A Mal Work Yle Hy Dest T Sly The Oboerved Time Fios The Cycle Averaged 4.80 Min. The Worker’s Perfonmance Was Raed At 9%on All Cysles Oherved Ater Aight Eysles. The Worker Must Eschange Parts Containers, Which Took 160 Min, Rated T 120% The PVD Allowance For This Elass Of Work Is 15%. Determine: 2 Pr Each …

8The standard time is to be established fir a mal work yle hy dest t sly The oboerved time fios the cycle averaged 4.80 min. The worker’s perfonmance was raed at 9%on all cysles oherved Ater aight eysles. the worker must eschange parts containers, which took 160 min, rated t 120% The PVD allowance for this elass of work is 15%. Determine: 2 pr each (a) the normal time (b) the standard time for the cycle. (e) If the worker produces 123 work units during an 8-hour shift, what is the worker’s efficiency? Station Station Station 2 Station 3 Station 4 No. of Stations % load 100% 9. For the following assembly line, the number of units produced per an hour was calculated to be 12 units. All assemble stations are manual stations, and the labor hour cost is JD 2. Then unit cost is Give a suggestion to reduce unit cost: 2 3 92% 1 60% (3 pt) 2 80% Category No. of Observations 342 10. In a work sampling study, 2 clerks were observed during their work. They were working for 22 days and 8 hr per day. During the study period, 250 clients were served. Determine the average service in minutes Serving clients Filling Idle (3 pt) 45 100 Not seen 53 540 Total

Question: Q3: A Student In Work Measurement And Standard Class Studied An Assemble Operation, And Wanted To Determine Its Normal Time Using MOST System. He Described The Operation As Follow: The Operator Stands In Front Of The Assembly Table. All Assembly Parts And The Screw-driver Are Within His Reach. The Operator Picks The Main Light Body Part And Place It …

Q3: A student in work measurement and standard class studied an assemble operation, and wanted to determine its normal time using MOST system. He described the operation as follow: The operator stands in front of the assembly table. All assembly parts and the screw-driver are within his reach. The operator picks the main light body part and place it in front of him. He picks a small lever part from its bin and places it with several adjustments, with a light pressure, on its place on the main body, then he places the screw-driver aside. He picks the scerew-driver and with ten finger actions runs the screw on the lever part down. He places the part in the finished good bin located on the floor at I step away, and returns back to the start point for the next cycle. . Name the activity sequence models involved in the above described assembly operations (4 pt) (10 pt) 2. Determine operation’s normal time in seconds using MOST system

Question: Errors, Changes In Policy, Changes In Estimates In Preparing The Financial Statements For 2018 The Following Items Were Discovered. 1. It Is Discovered That A Parcel Of Land Has Been Depreciated On The Last Two Financial Statement. And Depreciation Has Also Been Included In The Draft Statements For The Current Year. In Each Year, $65,000 In Depreciation …

Errors, changes in policy, changes in estimates In preparing the financial statements for 2018 the following items were discovered. 1. It is discovered that a parcel of land has been depreciated on the last two financial statement. and depreciation has also been included in the draft statements for the current year. In each year, $65,000 in depreciation expense was recorded. Effective January 1 of this year, management has changed its estimate of bad debt expense from 2. 4.0% of credit sales to 6.0 % of credit sales. The new rate has been applied in 2018. In making the change, the following data was collected for prior years: Credit sales 575,000 546,250 2017 2016 508,013 2015 2014 Unknown 3. Inventory will change from FIFO to Weighted-average. This change will provide information that is more relevant, and equally as reliable as the previous reporting method. The new method is already used in reporting the closing inventory for 2018. Comparable inventory information for inventories under both methods for previous years. Weighted Avg 57,000 54,150 48,735 38,988 FIFO 60,000 57,000 51,300 41,040 2017 2016 2015 2014 Required: For each item: 1. Determine the nature of the item. Describe the appropriate accounting treatment for the item Prepare any journal entries required for 2018. Clearly identify which entries are required effective the beginning of the year, and which are required at the end of the year. 2. 3.

The post Question: QUESTION TWO Salvador Ryan Is An Accountant And The Director Of His Accounting Practice, Darwin Taxation Services Pty Ltd. The Following Figures Do Not Include GST. The Company Receipts Ard Payments For The Year Ended 30 June 2017 Are As Follows: Receipts 600,000 25,000 17,000 Professional Accounting Fees Sales Of Do-It-Yourself Superannuation Guides … appeared first on uniessay writers.

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