An Archive of Impeccable Accounting Answers : Page - 21

Issuing Shares and Refunds1.On 1 July 2020, PK Ltd issued a prospectus inviting applications for 300 000 ordinary shares, at an issue price of $7, payable $2.50 on application, $1.50 on allotment, and $3 on future call(s), dates to be determined by the directors. By 1 September, applications were received for 310 000 shares with $2.50 paid per share. On 6 September, the directors allotted 300 000 shares. Refunds were made to applicants for 10 ...

�QUESTION 1(a) (continued) ((ii) How does the free-rider problem make adverse selection and moral hazard problems worse in financial markets? Did free-rider problem contribute/exacerbate the global financial crisis? Be specific. � � QUESTION 1(b) � CONBANK bank has the following market value�balance sheet structure: � Assets Liabilities and Equity Cash $2,000 Certificate o...

Course Code   :  HI5019

Course Title   :  Strategic Information Systems for Business and Enterprise

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Expenditure CycleAfter working at several accounting and consultancy firms for more than a decade, you have recently decided to start your own consultancy business. A friend of your wife introduces you to Paradise Industries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industries employs a centralised computer system with distributed terminals in the departments. The company recently have a number of operational ...

Required:Required:   1. Prepare a T1 Return for Ms. Smith using the ProFIle Software. You can assume all the personal information (address, Sin etc) . 2. Submit the ProFIle file (either .17T.18T or .19T pr .20T) extension. DO not submit the PDF file. It has to be ProFile File. You can assume the information presented in this case as per the year you have chosen. 3. Complete the attached excel file and also submit it alon...

Overview of the Not-for-Profit Organization Ontario AssistCase Study #3 – Budgeting for the Not For Profit Ontario Assist is a not for profit organization that operates in the province of Ontario providing assistance to families in need due to emergencies and disasters, and to the elderly that live alone and require assistance. The organization has hired you as the Budget Officer and you are required to budget the next fiscal year ending...

Assessment Learning OutcomesAssessment Learning Outcomes: This assignment is designed to assess learning outcomes: Understand the difference between quantitative and qualitative research methods, how to formulate research questions and testable hypotheses as well as the structure of dissertation and report. Conduct various types of regression analysis and show critical ability to understand the purpose and limitations of different regressio...

Learning ObjectivesWelcome to Principles of Accounting and Finance. This module introduces the basic concepts and techniques of accounting and finance. You will be introduced to the framework of accounting – its nature, its purposes, and the contexts/environment in which it is practised in a global dimension. You  will learn the basics of accounting including concepts, conventions, and the principles that underlie both finance and a...

Microsoft's Mission StatementQuestion 1 Read the Microsoft 2019 Shareholder Letter, before working on this assignment. Please also refer to Microsoft 2019 Annual Report (https://www.microsoft.com/investor/reports/ar19/index.html) for more information on the company. (a) Describe Microsoft’s Mission statement (b) Microsoft did not explicitly state their Vision statement. Based on the Shareholder Letter, discuss what Microsoft’s ...

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Which of the following is not an objective of management accounting?Question Which of the following is not an objective of management accounting? A. Providing information for decision making. B. Providing information for planning. C. Providing information for profit and loss statements. D. Providing information for control. E. Motivating managers towards achieving organisational goals. Question Which of the following statements about management ...

AssignmentAntara Ltd operates in the construction industry and do not prepare consolidated financial statements. Laura Jones is the senior accountant of the company, leading the financial reporting team. As a result of being profitable for the last five years, on 1 July 2018, Antara Ltd acquired 25% of the issued ordinary shares of Blanca Ltd paying $198 000 in cash. This provided Antara Ltd with the significant influence over Blanca Ltd. A...

Solution and ResearchTask: PartsPlus operates an auto parts distributorship. InvestCorp owns 80 percent of the stock of a holding company (HC). HC owns 80 percent of the stock of ten subsidiaries, Sub 1 through Sub 10. Sub 1 through Sub 10 each separately operate a full service gas station. Pursuant to a plan of reorganization, PartsPlus merges into InvestCorp and the PartsPlus shareholders receive solely InvestCorp stock. As part of the plan ...

Preparing investment entry on Perch's booksPerch prepares consolidated financial statements under the fair value enterprise (FVE) theory (also known as “entity” theory).Required:? Prepare the entry on Perch’s books to record its investment in Salmon on December 30, year 2. ? Calculate the acquisition differential, goodwill and non-controlling interest (NCI) at acquisition date using the FVE (entity) theory.? Prepare the acquisi...

Overview of the InvestmentPill Ltd. has just purchased a $5,500,000 machine to produce big-screen TVs. The machine can be used for 10 years and is depreciated at a 20% CCA rate. For simplicity, we assume that no NWC is required. The machine can be sold for $100,000 in 10 years, andthere are other assets remaining in its asset class. The number of TVs that can be produced and sold per year is 2,500, and the sales price per TV is $1,800. Use the f...

As a consultant, you are to report to Rosetta Kilbourne, owner of Sugar and Spice Bakery your recommendations as to whether or not it would be financially feasible to close the bakery and focus on catering events full time. · Use appropriate analysis tools · Qualitative analysis for alternatives available · Establish which cash flows are relevant for this decision · Calculate ROI payback perio...

1. Reinforce what we took in class our cost behavior class 2. Help you improve your general excel skills as well as how to use the regression and the scatterplot functions in excel. You need to be comfortable and able at excel. 3. Provide you with guidance on how to structure a useful report that a reader will appreciate Johnson Company The general manager of Johnson Company was attempting to prepare a budget for fiscal year...