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Examus student.use.examus.net/?ridban=1&sessi. ACCT101 FEX_2021_2_Male e18 Stockholders' equity consists of: 96 18 - 34 a. Long-term assets 11 18c Contributed capital and 95abe18 b. 95 par value 95abe18 C. Retained earnings and cash d. 95abe18ce33 Contributed capital and retained earnings Sabe18ce 33 95abe18ce33 95a 95abe18ce33 96abe18ce33 95abe18ce33 MacBook Pro F3 000 000 F4 つ 4 F5 F6 50 F7 67 & DII 7 V FS 8 A 9 9 个 II

ting Standards Sec-1 with B Shivakumar for Sem II 2021 C021-3/ Topic 3/ Quiz 2 Redemption of preference shares by a company is classified under investing activities of its cash flow statement Select one: of O True O False stion Next page page

QUESTION ONE The following financial information relates to Sporty Limited. Statement of Financial Position as at 31 December 2018 and 2019 Ordinary share capital Retained earnings Property, plant and equipment Investments Debentures 12.5% Inventory Trade debtors Prepaid expenses Trade creditors Bank overdraft SARS (income tax) Shareholders for dividends Profit before interest and tax Depreciation on equipment Dividends received on investments Interest on dividends Income tax Page 2 of 6 2019 R 400 000 55 000 230 000 165 000 20 000 124 000 37 000 Statement of comprehensive income for the year 31 December 2019 Note no. 1 for the year ended 31 December 2018 and 2019 Property, plant and equipment Land and building at cost Equipment at carrying value 25 000 21 000 5 000 30 000 Statement of changes in equity for the year ended 31 December 2019 Dividends on ordinary shares 2019 (R) 200 000 30 000 230 000 R R 295 000 5 000 195 000 110 000 2018 60 000 120 000 28 500 1 500 42 500 25 000 R 60…

Calculate working capital Alist of XYZ Company accounits is presented belov in alphabetical order: Aco. Dep.-Buildings Acc. Dep-Equipment Acc. Other Comprehensive Inoiome Accounts Payable Accounts Receivable 10 Additional Paidin Capital-obmmion Addtional Paidin Capital-preferredS 12 Allov ance for Doubtful Adcounts 42,400,00 28.080.00 880.00 17,920 00 17.200 00 19,200.00 9,200 00 640.00 61600 00 13 Bond: Payable idue 20271 14 Buldng: 15 Cash 16 Common Stock, $10 par 17 Curren Tan Payable 18 Discount on Bonds Pavable 19 Equipment 20 nventory 21 Land 22 Marketable Seourities (shoit term) 23 Patents (net) 24 Pieferned stook, $100 par 25 Retained Earnings 26 Revenues Salaries expense 28 Salalies Payable 29 Trademarks 115,200.00 2,320.00 24,000.00 8,320.00 5,520.00 57.920.00 29,760 00 24,000,00 4.880.00 7,840.00 16,800 00 36.960.00 85,600.00 %24 27 31.200.00 1,600.00 2.960.00 24 30

Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…

nen Instructions At a total cost of $6,950,000, Herrera Corporation acquired 229,500 shares of Tran Corp. common stock as a long-term investment. Herrera Corporation uses the equity method of accounting for this investment. Tran Corp. has 850,000 shares of common stock outstanding, including the shares acquired by Herrera Corporation. Required: A. Journalize the entries by Herrera Corporation on December 31 to record the following information (refer to the Chart of Accounts for exact wording of account titles): 1. Tran Corp. reports net income of $974,000 for the current period. 2. A cash dividend of $0.28 per common share is paid by Tran Corp. during the current period. stment? DEBIT 262,980.00 ✓ Score: 51/51 CREDIT 262,980.00 Shaded cells have feedback. PAGE 10 ↑ ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY

* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…

oped eBook Hint Exercise 14-8A (Algo) Ratio analysis LO 14-2, 14-3 The balance sheet for Rooney Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities. Long-term liabilities Total liabilities. Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 238,000 751,000 $ 989,000 $ 158,000 447,000 605,000 384,000 $ 989,000

perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse

Airtel ZM MTN Zambia X Bu Y | 2 BOZO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 2021 Answered: You are addi... bartleby.com Assets Non-current assets Tangible Assets Current Assets Cash QUESTION 2 The summarized accounts of Bozo Co for the year ended 31 December 2022 are as follows: Receivables Inventories Total Assets Liabilities and capital Capital and reserves Share capital (K1,000) Share premium account Revaluation surplus Accumulated profits Non-current liabilities 10%debentures Current Liabilities Trade payables Tax payable Dividends payable Overdraft Total liabilities and capital BOZO CO Revenue Cost of sales Gross profit Other expenses (Including depreciation of K42m) Profit before tax Tax Profit after tax K'm 7 168 214 10%debentures þ*** Current Liabilities Trade payables |-|--20880 K'm 628 136 389 1017 STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2021 O 250 70 110 314 744 80 193 1017 3G K'm 0 147 210 "... 4.46% 2020 You are additionally informed…

ok 7 ences The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company? LIABILITIES & OWNERS' EQUITY Current liabilities Long-term debt Owners' equity Total liabilities and equity Mc graw Hill ! 1 ASSETS Current assets Net fixed assets A Total assets N Multiple Choice @ 2 C W S $180 $860 $1,800 $1,560 #3 X 80 E $ 300 1,500 D $1,800 4 R F olo 5 % U 00 * $ 240 700 860 $1,800 8 A J ( 1 9 K N M )

A A EAlign lext Arrarkge QURK U S abc AV- Aa- A - Convert to SmartArt- Styles O Shape E Font Paragraph Drawing EXAMPLE 9: Following is the Balance Sheet of a company as on Mar 31, 2006: Liabilities OMR Assets OMR Cash-in-hand Cash at Bark Equity Share Capital 250,000 200,000 20,000 30,000 500,000 10,000 30,000 50,000 320,000 500,000 9% Debentures Bills Payable Sundry Debtors Fixed Assets Creditors You are required to compute Total Assets to Debt Ratio. !! lili

Font Paragraph Drawing EXAMPLE 4: The capital employed in a business has been financed, as below: Equity Share Capital OMR 600,000 7% Preference Share Capital OMR 400,000 6% Debentures OMR 800,000 OMR 200,000 Reserves and Surplus The company earns a profit of OMR 4,00,000 before interest and Tax. Calculate Return on capital employed (ROCE) ces NOTES COMMENTS

Un=nttps%253A%252F%252Flms.mheducation.com%252F... Pa hapter 16, 17, 18) 6 Saved Help Save & Exit Submit The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2021 2020 $600 300 600 $612 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings 348 628 During 2021, Time declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Time's net income for 2021? Multiple Choice $28 million $130 million $118 million Next 30 of 39 < Prev Question no...pages nages

Question 13 Thorn Ltd (SoFP) extracts Equity Share Capital Retained Earnings Non-current liabilities Current liabilities Total equity and liabilities Plant Fixtures -cost -dep'n -nov -cost -dep'n - nbv Non-current assets Stock /Inventory Debtors Recibles Cash Current assets Total assets Dividends Relained Profil Thorn Ltd (income statement) extracts Sales Revenues Cost of Sales Operating Expenses Operating Profit Interest Profit for the Year 11% Loans (2017) Payables Other Information: 1610 Average Payment Period Average Collection Period Cash Conversion Period 600 112 1,310 488 1,130 490 80 2,400 431 Ye-20x9 1,900 790 320 3.010 488 822 1,310 1.700 3.010 3,100 2.831 269 87 182 142 40 1,000 460 1,160 368 700 390 120 28 1,950 There were no non-current asset disposals in either year, All dividends due had been paid by Ye-31/12/20X9 Ye-20X8 1,250 860 270 2.380 378 792 1,170 1.210 2.380 2,600 2.384 216 95 121 91 30

S 105-Principles of Financial Manağeme Managemenl-3-2020, rd / My courses/ BUSS 105-3-20202/ General / Test-3, BUSS-105 Sec-3 ;May 4th 2021 Majan Mining has found that its cost of common equity capital is 15 percent and its cost of debt capital is 12 percent. If the firm is financed with $250,000,000 of common shares (market value) and $750,000,000 of debt, then what is the after-tax weighted average cost of capital for Majan Mining if it is subject to a 35 percent marginal tax rate? an 2 et ered ed out of Flag question Select one: O a. None of these Ob. 10.50 Oc. 9.60 O d. 11.57

P Flag question The company capital structure consists of debt 250000 at 0.082, preferred stock 230000 at 11% and common stock 120000 at 14%, calculate company's weighted average cost of capital Select one: O a. 0.0341 Ob. All the given choices are not correct Oc. 0.1042 Od. 0.0621 O e. 0.0762

Home work question  accounting intermediate 11 stock and bonds journal entry on jan 1 2020 Thompson had 2 equity investment # of shares owned 200 cost per share $17 mkt value per share 12/31/2019 $23 what is journal entry

Balance Sheet Equity APIC Events Assels Liab Acct Payable Div Payable Notes Payable Cash 257.000.00 S Acct Rec 17,500.00 $ Inventory 28.000.00 Common Stock 200,000.00$ Equipment Land 50,000.00 | $ |Accum Depr 8,333.00 $ Wages Payable Retahed Earnings 176,167.00 Account Titles for Retained Earnings Building 250.000.00-| Beginning Balances as of Dec 31, Year 1 118,000.00 100,000.00 $ 500,000 1.Acquired $550,000 by signing a note payable with a local bank 2. Sold 25.000 shares of $22 Common Stack for $1,500,000 3. Purchased Equipment for $300.000 4. Purchased Inventory on Account - 25,000 Units at $1.15 per unit Sa. Sold 15,000 units at $3.50 on Account 5b. COGS for Sales on AccoLnt 6. Collect $70,000 on Account 7. Paid $117,250 of Accounts Payable 8. Purchased Inventory on Account - 170.000 Units at $1.50per unit 9a. Sold 175,000 units at $3.50 on Account 9b. COGS for Sales on Account 10. Collect $472,500 on Account 11. Paid $218.600 of Accounts Payable 12. Purchased Inventory on…

On December 12th 2021 an equity investment costing $81000 was sold for a $102000 the investment was carried in the balance sheet at $76000 what accounted for under the equity method an error was made in which the total of the sale proceeds was called credit's called credited to the investment account 1 and 2 prepare the following journal entries

rute Account 12.00.900 10.00.000 31.00.000 20.00.000 5.40.000 Accounting for Internal Reconstruction Assignments PRACTICAL ASSIGNMENTS The following is the Balance Sheet of Weak Ltd. as at 31st March, 2022: 1. Particulars 1. EQUITY AND LIABILITIES 1. Shareholders' Fund (a) Share Capital : - 10% Non-cumulative Preference Shares of 100 each fully paid-up - 20,000 Equity Shares of 10 each fully paid-up 50,000 2,00,000 (b) Reserve and Surplus: Surplus A/c (Dr. Balance) (1,85,000) 2. Non-Current Liabilities (a) Long-term Borrowings (8% Debentures) 1,00,000 3. Current Liabilities (a) Trade Payables (Creditors) 3,30,000 (b) Other Current Liabilities (Creditors for Expenses) Total 20,000 5,15,000 II. ASSETS 1. Non-current Assets (a) Property, Plant & Equipment Tangible: Buildings 2,00,000 Machinery 1,30,000 (b) Intangible (Patents) 40,000 2. Current Assets (a) Inventories 80,000 (b) Trade Receivables (Debtors) 55,000 (c) Other Current Assets (Preliminary Expenses) 10,000 Total 5,15,000 With a…

Simple Accounting – Balance Sheet. Assets Liabilities Shareholders' Equity $567,005.00 $389,055.00 O a. $567,005.00 O b. $389,055.00 O c. $177,950.00 O d. $744,955.00

Case 2-1. Audit of investment in equity investments at foir volue through profit or loss; Substantive audit procedures. You were able to obtain the following iedger details of Equity investment-FVTPL in connection with your audit of the Strong Corporation for the year ended December 31, 2020: Credit Date Jan. 10 Particulars Purchase of Alpha Co. - 6,000 shares Debit P1,440,000 Feb. 20 Purchase of Beta Co. - 7,200 shares Sale of Beta Co. - 2,400 shares 1,800,000 Mar. 1 540,000 Receipt of Alpha share dividend- Offsetting Credit to retained earnings Sale of Alpha - 4,800 shares Sale of Alpha - 1,200 shares May 31 132,000 Aug. 15 Sept. 1 1,176,000 276,000 The following information was obtained during your examination: • Fram independent sources, you determine the follawing dividend information for Alpha Co. in 2020: Declared 01/02 0s/02 08/01 Record 01/15 05/15 Nature Cash Payment 01/31 Rate P20/share Share 05/31 10% Cash 08/30 09/15 P30/share • Closing market quotation as at December 31,…

QUESTION FOUR: Here is the Trial balance of Falta Ltd as at 30 April 2018:                                                                                                                   Dr                   Cr                                                                                                                               $                    $ Share capital: authorized and issued                                                                            200,000   Inventory as at 30 April 2017                                                             102,994 Accounts receivable                                                                            227,219 Accounts payable                                                                                                           54,818 8% loan notes                                                                                                                 40,000 Non-current assets replacement reserve…

From the following particulars pertaining to Assets and Liabilities of a company calculate and interpret:   a. Current Ratio; b. Liquidity Ratio; c. Proprietary Ratio; d. Debt-Equity Ratio; e.Capital Gearing Ratio.   Balance Sheet as on 31st December 2020 Liabilities Amount (Rs) Assets Amount (Rs) 5,000 Equity Shares of Rs 10 each    5,00,000.00   Land & Building      5,00,000.00 8%, 2000 Preference Shares of Rs 100 each    2,00,000.00   Plant & Machinery   6,00,000.00 9 % Debentures of Rs 100 each    4,00,000.00   Sundry Debtors   2,00,000.00 Reserves & Surplus  3,00,000.00 Stock 2,40,000.00 Sundry Creditors  1,50,000.00 Cash in hand   55,000.00 Bank Overdraft    50,000.00 Prepaid Expenses    5,000.00                 TOTAL 16,00,000.00 TOTAL 16,00,000.00 don't give hand written answers

Assets Liabilities Shareholders' Equity $275,600.00 $305,600.00 a. $(30,000.00) O b. $581,200.00 c. $305,600.00 ed. $275,600.00 Type here to search 23