You are given the following information: i. Ferguson prices its furniture using a normal 30% mark-up policy. A stock count carried out at 31 December 2019 valued stock at a selling price of £325,000. This included two items at a normal selling price of £20,800 each, which the directors have decided should be reduced in price to £5,000 each. ii. The land was valued at £600,000 at 31 December 2019. The directors decided to reflect the revalued amount in the statement of financial position. On 1 February 2019, the company sold a vehicle for £20,000. While the proceeds of the sale were credited to the Disposal account, no other entries were made in the books of account in relation to this transaction. The vehicle ii. had cost £88,000 in August 2016. The company charges a full year's depreciation in the year of acquisition and no depreciation in the year of disposal. The company's depreciation policy is as follows: Land: iv. nil 4% straight line 40% reducing balance 25% straight line. Buildings: Equipment: Vehicles: Trade receivable at 31 December 2019 include a debt of £16,000 from a customer recently declared bankrupt. The company has decided to maintain the provision for doubtful debts at 4% of remaining trade receivables. V. The balance of prepayments at 1 January 2019 refers to insurance charges. Prepaid insurance, included in general distribution costs at 31 December 2019 amounted to £24,000. vi. vii. The balance of accruals at 1 January 2019 refers to electricity charges. After the year end, the company received an electricity invoice for £30,000 covering the period 1 November 2019 to 31 January 2020. Electricity charges are included in other administrative expenses. viii. Corporation tax for the year ended 31 December 2019 is estimated to be £190,000. ix. The company issued 100,000 additional shares at 50p each on 30 December 2019 for £140,000. This transaction has not been recorded in the accounting records.

The role of a financial statement analyst is to use financial reports prepared by an organisation together with other information, to evaluate the past, present and future performance of an organisation for the purpose of making investment, credit and other decisions. In relation to the above statement, outline FOUR types of economic decisions that a financial analyst could make from the analysis of financial statements of an organisation. (b) The profit after tax of Baragoh Ltd. for the year ended 30 September 2022 was Sh.15 million. As at 1 October 2021, the company had in issue 36 million equity shares and Sh.10 million 8% convertible loan note. The loan note will mature in year 2023 and will be redeemed at par or converted to equity shares on the basis of 25 shares for each Sh.100 of loan note at the loan note holder’s option. On 1 January 2022, Baragoh Ltd. made a fully subscribed rights issue of one new share for every four shares held at a price of Sh.2.80 each. The market…

Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?

ansser must be in table format or i will give down vote

What are the two extreme approaches that a company might follow in determining appropriate accounting policies for preparing its initial set of IFRS financial statements?

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Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi

A worksheet is a: formal document shown with a company's annual report. formal document required by the Bureau of Internal Revenue formal document required by creditors a multicolumn document used by accountants to aid in the preparation of the financial statements

I need help with these please.  A. Record transfer of net loss to retained earnings. B. Record transfer of net income to retained earnings. C. Record repurchase of shares for retirement. D. Record declaration of cash dividend. E. Record payment of cash dividend.

Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc., Part B, to answer this question: What is the impact on Revolutionary Design's adjusted debt ratio (total liabilities less subordinated debt) to adjusted tangible net worth (tangible net worth plus subordinated debt) if we assume that the owner debt will no longer be subordinated in 20Y3? Adjusted debt to adjusted tangible net worth will increase from approximately 2.7 to approximately 3.8 in 2013. Adjusted debt to adjusted tangible net worth will improve from approximately 3.5 to approximately 2.6 in 20Y3. Adjusted debt to adjusted tangible net worth will increase from approximately 3.5 to approximately 3.8 in 20Y3. Bookmark for review