Answer: Question 1 Amount Share capital 150000 Reserves 10000 retained earnings 30000 Dividend 6000 Goodwill 5000 Purchase consideration 130000 Carrying amount Fair value Plant(Cost) 94000 96000 Land 80000 95000 Inventory 20000 26000 At...Read More
Answer: Introduction The gross inflows of cash, other consideration, receivables that is been arising in the development of the common activities of an entity from selling of goods, providing facilities also from the sources that fetches royalties as well as dividends the amount that is collected is called revenue. The principle that helps in recognition of revenue is concluded from the concept of accrual along with the matching concept. ...Read More
Answer: Introduction Financial Reporting comprises disclosure of financial information to the various stakeholders relating to financial performance and financial position of the company over a specified time. Each part of the financial report, i.e. statement of profit and loss, statement of affairs of the company, statement of changes in equity and cash flow statement reveal significant information relating to the organization. The man...Read More
Answer: Introduction Following are the similarities and differences between the disclosure of comprehensive income of three companies – Macmohan Holdings Ltd, Mercantile Investment Company Ltd and Maca Limited. In case of the Macca Limited and the Macmohan Holdings Limited there has been the value of exchange differences on the translating foreign operations and in case of the Mercantile Investment Limited, it has not been present wh...Read More
Question: Discuss about the Causes and Implications for Conservatism Research. Answer: Introduction: The analysis of the cash flow statements of the business organizations provides greater assistance in ascertaining the total amount of cash outflow as well as cash inflow in the business organizations. The following discussion sheds light in each item in the cash flow statements of CSR Limited, Australia. Cash Flow from Oper...Read More
Question: Discuss about the Value Relevance of Fixed Asset Revaluation. Answer: Introduction: The Accounting standard number three on business combination has not made any particular specification regarding the place where the adjustment for the fair value shall be made in the assets and liabilities. It can be made either in the books of accounts of the subsidiary or in the consolidated financial statements. If the adjustmen...Read More
Question: Discuss about the Accounting conservatism and managerial risk. Answer: The items of equity of Ramsay Health Care limited are listed in the consolidated statement of financial position. Constituent of equity of Ramsay comprise of issued capital, treasury shares, convertible adjusted rate equities securities, retained earnings and other reserves. It also involves parent interest and non controlling interest. Issues s...Read More
Question: 1. From your firm’s financial statement, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity for your firm over the past year articulating the reasons for the change. 2. What is your firm’s tax expense in its latest financial statements? 3. Is this figure the same as the company tax rate times your firm’s accounting income? Explain why this is, or is not, ...Read More
Question: Discuss about the Corporate Accounting for J.P Morgan Chase Bank. Answer: Assigned Name of the Company Related Party Category Type of Related Party Transaction Related Party Amount J.P. Morgan Chase Bank Related Party Purchase $15,070,316 J.P. Morgan Chase Bank Related Party Purchase (Common Stock) $13,147,745 J.M Smucker Company Rela...Read More
Question: Discuss About The Financial Liquidity Profitability Management? Answer: Introduction AS 28 and IAS 36 deals with the impairment accounting of the fixed assets. In case the indicators for impairment do exist then the same needs to be reassessed for value and marked down if the negative indiactors do suggest so. There can be internal as well as external indiactors. The mian idea behind the introduction of this standard i...Read More
Question: Discuss About The Role Of Continuous Disclosure Framework? Answer: Introduction The present report aims to demonstrate the importance and significance of continuous disclosure framework developed by the ASX. In this regard, the report will emphasize on the current financial position of Surfstitch Ltd through analyzing and evaluating its annual reports. Also, it depicts the necessity of implementing a continuous reporti...Read More
Questions: 1.Discuss how these Costs should be Accounted for in the books of MyNextProblem Ltd. 2.Critically Evaluate the Council’s Accounting Policy for its Library Collection. Answers: 1.Case facts In accordance with the given case scenario, MyNextProblem Ltd had purchased the building at $2 000 000. Along with this, they had incurred an additional cost of $30000. However, the fair value of market of t...Read More
Question: Discuss about the Impairment Of Asset For An Indiviual. Answer: IAS 36 talks about Impairment of assets This specific customary standard must be practical in secretarial for the mutilation or impairment of all type of property excepts current stock, any type of property which instigates from any structure of constructions or any type of construction .economic assets, or any possessions which is actually relate...Read More
Question: Discuss about the Recognition And Measurement Of An Impairment Loss For An Individual Asset. Answer: Introduction The recognition and measurement of impairment loss for an individual asset is governed by “Accounting Standard AASB 136 – Impairment of Assets”. The objective is to ensure that the entity is not carrying forward its assets at a value greater than its market value. Generally impairment ...Read More
Question: Discuss about the Corporate Accounting for Impairment Test. Answer: The rationale behind test of impairment of assets is that values of assets in the Balance Sheet aren’t being carried in excess of the recoverable amount or the assets are recorded at its fair value not at overstated amount. Impairment arises in situation where carrying value of assets is higher in comparison to recoverable amount. Purpose of Impairm...Read More
Just share Requriment and get customize Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Great work from expert! All good just missing one 1 reference, feedback and get it within a few hours.
Amazing work, thank you very much I have achieved amazing results. Thank you for your hard work
Really good work on the code. It ran perfectly and there were no mistakes in the code. All of the instructions were followed and there were no syntax errors at all.
very clear answers, full of information. The doctor was very happy with the answers. Thank you.