Auditing Debt and Equity The following is attached to the company's financial statements, pay attention to the non current liabilities and shareholders’ equity sections.Questions:a. Based on the financial statements above, explain possible “debt to equity swap” scheme carried out by the client! b. What evidence do you need to collect to ensure that the client's debt to equity swap is free from material misstatement? Catatan/2010Notes2009LIABILITIES ANDSHAREHOLDERS' EQUITYKEWAJIBAN DAN EKUITASKEWAJIBAN LANCARPinjaman bank jangka pendekHutang usaha - Pihak ketigaHutang pajakHutang lain-lainBiaya masih harus dibayarUang muka penjualanBagian kewajiban jangka panjangyang jatuh tempo dalam waktusatu tahunCURRENT LIABILITIESShort-term bank loans63.218.778.659 2b,h,m,q,10,24 59.461.174.39016.049.325.984 2b,i,m,q,11,24 11.810.234.60176.862.64244.048.187Trade payables - Third partiesTaxes payableOther payablesAccrued expensesAdvance on sales3.289.221.2162n,20b1.322.870.535896.800.000121.259.063.8302b,9153.161.300 2b,h,m,q,13,24Current maturities of long-termdebts9.120.148.381Jumlah Kewajiban Lancar84.930.157.69481.771.532.031Total Current LiabilitiesKEWAJIBAN TIDAK LANCARKewajiban jangka panjang - setelahdikurangi bagian yang jatuhtempo dalam waktu satu tahunKewajiban pajak tangguhan - BersihKewajiban diestimasi imbalanpasca-kerjaNON-CURRENT LIABILITIESLong-term debts - net ofcurrent maturities128.338.374 2b,h,m,q,13,24 45.066.961.0902n,20d18.457.040.32818.329.375.900Deferred tax liabilities - NetEstimated liabilities forpost-employment benefits1.975.245.0562j,221.588.160.200Jumlah Kewajiban Tidak Lancar20.560.623.75864.984.497.190Total Non-Current LiabilitiesJumlah Kewajiban105.490.781.452146.756.029.221Total LiabilitiesEKUITASModal saham - nilai nominalRp 100 per sahamModal dasar - 4.000.000.000sahamModal ditempatkan dan disetorpenuh - 1.500.000.000 saham(2009: 1.300.000.000 saham)Tambahan modal disetor - BersihSaldo labaSHAREHOLDERS' EQUITYShare capital - par value Rp 100per shareAuthorized - 4,00ỏ,000,000sharesIssued and fully paid -1,500,000,000 shares(2009: 1,300,000,000 shares)Additional paid-in capital - NetRetained earnings150.000.000.00033.542.841.148130.000.000.0004.367.923.96821.257.157.437142k, 1545.916.926.397Jumlah Ekuitas229.459.767.545155.625.081.405Total Shareholders' EquityJUMLAH KEWAJIBAN DANEKUITASTOTAL LIABILITIES ANDSHAREHOLDERS' EQUITY334.950.548.997302.381.110.626

Introduction:- A debt/equity swap is a refinancing deal in which a debt holder gets an equity…

Auditing Debt and Equity The following is attached to the company's financial statements, pay attention to the non current liabilities and shareholders’ equity sections. Questions: a. Based on the financial statements above, explain possible “debt to equity swap” scheme carried out by the client! b. What evidence do you need to collect to ensure that the client's debt to equity swap is free from material misstatement?

Auditing Debt and Equity The following is attached to the company's financial statements, pay attention to the non current liabilities and shareholders’ equity sections. Questions: a. Based on the financial statements above, explain possible “debt to equity swap” scheme carried out by the client! b. What evidence do you need to collect to ensure that the client's debt to equity swap is free from material misstatement?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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