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The solutions manual for advanced financial accounting 1 potx

The solutions manual for advanced financial accounting_1 potx

The solutions manual for advanced financial accounting_1 potx

... Part 1 · The framework of financial reportingother words if, using the selected basis of valuation, the value of the assets at the time t0was 10 00 and the value at the time t 1 15 00, is the ... 18 00 × 12 0 /11 8 = 18 31. Opening money capital based on historical cost was 10 00. The index stood at 10 0 at the beginning of the year and rose to 12 0 by the year end. Thus the real financial capital ... £Historical cost 18 00 10 00 800Replacement cost 2040 11 00 940Net realisable value 216 0 11 50 10 10(b) Real financial capital(i) Historical cost. The closing inventory of 18 00 (as measured...
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The solutions manual for advanced financial accounting_2 docx

The solutions manual for advanced financial accounting_2 docx

... the accounting treatment of the aircraft fleet in the financial statements on the basis of the above scenario for the financial years ending on:(a) 31 March 2000. (4 marks)(b) 31 March 20 01, ... of the departures from the specific requirements of the Act with the reasons for and effect of the departure. 18 Not everyone would agree with the stance, originally taken by the ASC in 19 81 and ... critical question is whether the asset isbeing held for sale or not. If the best thing the entity could do is sell the asset (but not replaceit) then the value to the business is the asset’s net realisable...
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The solutions manual for advanced financial accounting_3 ppt

The solutions manual for advanced financial accounting_3 ppt

... the ratio 8:3. The revised profit is £40 000 and the profit recognised in year 1 was 15 000, hence the profits for the remaining two years would be:Year 1 18 18 2 (8 /11 )Year 3 £6 818 (3 /11 )–––––––£25 ... · Assets II 15 9Actual and projected trainee numbers provided by the production director are:Years ending 31 January 19 93 19 94 19 95 19 96Welding shop 9 10 9 10 Lathe area 7 9 11 11 Computer-controlled ... estimated sales for Product A174:Year ended 31 October £ 19 93 250000 19 94 750000 19 95 10 00000 19 96 500000 19 97 250000After 31 October 19 96 the company’s market share and profitability from the productare...
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The solutions manual for advanced financial accounting_4 pot

The solutions manual for advanced financial accounting_4 pot

... (v)£££££ 1 100.0 20.0 12 0.0 18 .0 10 2.02 10 2.0 20.4 12 2.4 18 .0 10 4.43 10 4.4 20.9 12 5.3 18 .0 10 7.34 10 7.3 21. 5 12 8.8 18 .0 11 0.85 11 0.8 22.2 13 3.0 13 3.0* –* Interest 18 .0 + Redemption price 11 5.0. 19 6 ... (v)£££££ 1 88.0 17 .6 10 5.6 16 .0 89.62 89.6 17 .9 10 7.5 16 .0 91. 53 91. 5 18 .3 10 9.8 16 .0 93.84 93.8 18 .8 11 2.6 16 .0 96.65 96.6 19 .4* 11 6.0 11 6.0†–* Includes rounding adjustment. † Interest 16 .0 ... +10 0 – 20a 5 10 0v5= +10 0 – 20(2.9906) – 10 0(0.4 019 )= +10 0 – 59.8 – 40.2 = 0B +88 – 16 a5– 10 0v5= +88 – 16 (2.9906) – 10 0(0.4 019 )= +88 – 47.8 – 40.2= 0C +10 0 – 18 a5– 11 5v5= +10 0...
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The solutions manual for advanced financial accounting_6 potx

The solutions manual for advanced financial accounting_6 potx

... on the property for the period 1 April 19 88 to 31 March 19 98.River plc paid £850 000 for the property on 1 April 19 98, at which date its true marketvalue was £550 000.From 1 April 19 98 the ... relation to the pensionfund surplus as at 1 January 19 91. (6 marks)ICAEW, Financial Accounting 2, December 19 91 (18 marks) 10 .5 (a) Accounting for retirement benefits remains one of the most challenging ... on expected return 21 353 47 8 31 77 647 11 8 13 6Actual fair value at the year end 21 353 45 412 78 693 12 1 302Difference between expected and actual return – –2 419 +10 46 +3 16 6We are now in...
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The solutions manual for advanced financial accounting_8 pdf

The solutions manual for advanced financial accounting_8 pdf

... of 1 in issue at 1 June 2000 6.0Ordinary shares of 1 issued 1 September 2000 1. 2at full market price. The average market price of the shares for the year ending 31 May 20 01 was 10 and the ... on 31 March 2004. The effective finance cost of these shares for Earnit plc is 10 % per annum. The carryingvalue of the non-equity shares in the financial statements at 31 March 19 99 was 11 0million.Extracts ... before 31 May 2000.Options granted during year 31 May 19 99(i) One million ordinary shares at £4 each exercisable before 31 May 2002, granted 1 June 19 98.During the year to 31 May 19 99, the...
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The solutions manual for advanced financial accounting_9 docx

The solutions manual for advanced financial accounting_9 docx

... to BZ Ltd on 30 November 19 97.£000 £000 £000Fair value Carrying value Tax valueBuildings 500 300 10 0Plant and equipment 40 30 15 Stock 12 4 11 4 11 4Debtors 11 0 11 0 11 0Retirement benefit liability ... at 12 0 000 (80 000 at 1. 50) inexchange for 10 0 000 shares in company B valued at 12 0 000 (10 0 000 at 1. 20). If there isno change in earnings after the combination, the earnings of the combined ... December 19 97 (25 marks) 12 .2 The problem of accounting for deferred taxation is one that has been on the agenda of the Accounting Standards Board for some time. In December 2000, the Accounting...
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The solutions manual for advanced financial accounting_10 ppt

The solutions manual for advanced financial accounting_10 ppt

... amortisation for the six months 1 July to 31 December 20X1 will be £3000. The consolidated profit and loss account must include the results of K Limited from 1 July20X1 to 31 December 20X1 together ... reflect this in the financial statements for the year ended 31 May 19 99. The company’s capital and reserves (before reflecting any adjustments for the aboveacquisitions) in the draft financial statements ... March 19 91, pp. 84–5.6ED 55, Preface, Paras 1. 17 and 1. 18.Chapter 14 · Investments and groups 415 cient to constitute the investee an associate for which equity accounting was appropriate.The...
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The solutions manual for advanced financial accounting_11 pdf

The solutions manual for advanced financial accounting_11 pdf

... give the investor company significant influence over the overview 1 SSAP 1 Accounting for the Results of Associated Companies, ASC, London, January 19 71. This was issued as arevised SSAP 1 Accounting ... shares and 20% of the 10 % 1 preference shares of Kasbah plc. On 1 April 19 93 Jasmin (Holdings) plc paid £96 mil-lion for the ordinary 1 shares and 1. 6 million for the 10 % 1 preference shares whenKasbah’s ... years.RequirementPrepare the consolidated profit and loss account for Highland plc for the year ended 31 March 19 98.ICAEW, Financial Reporting, May 19 98 (13 marks) 14 .7 You are the management accountant...
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