Simple Accounting – Balance Sheet. Assets Liabilities Shareholders' Equity $567,005.00 $389,055.00 O a. $567,005.00 O b. $389,055.00 Oc. $177,950.00 O d. $744,955.00

Name the five mandatory components of a complete set of financial statements according to IAS 1 "Presentation of Financial Statements". What additional reporting is required of entities whose shares or securities are publicly traded? В I PrtSc F6 F7 F8 F9 F10 F11 F12 II 立

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Prepare a classied balanced sheet in good form    1. Common Stock  2. Discountedd on Bonds Payable  3. Treasury Stock (at cost) 4. Notes Payable (short-term) 5. Raw Materials  6. Prefered Stock Investments (long-term) 7. Unearned Rent Revenue  8. Work in Process. 9. Copyrights   10. Buildings 11. Notes Recievable (short-term). 12. Cash. 13. Salaries and Wages Payable. 14. Accummlated Depreciation--Buildings 15. Restricted Cash for Plant Expansion  16. Land Held for Future Plant Site  17. Allowance for Doubtful Accounts  18. Retained Earnings  19. Paid-in capitial in Excess of Par -Common Stock  20. Unearned Subscriptions Revenue  21. Receivables--Officers (due in one year) 22. Inventory (finished goods) 23. Accounts Receivable  24. Bonds Payable (due in 4 years) 25. Noncontrolling Interest

d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bise

Question 22 22. (CLO2, PLO5, ZULO1) Permanent accounts are the accounts of Dividends, assets and liabilities Assets, expenses and owners' equity Liabilities, assets and owners' equity dividends, retained earnings, assets and liabilities

ting Standards Sec-1 with B Shivakumar for Sem II 2021 C021-3/ Topic 3/ Quiz 2 Redemption of preference shares by a company is classified under investing activities of its cash flow statement Select one: of O True O False stion Next page page

22 - Which of the following accounts is not included in the opening record? A) linked securitiesB) net profit for the periodC) accumulated depreciationD) long term Bank loansE) ordinary income and profits

Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…