1. Introduction Boral Limited (Boral) is the largest building and construction materials company in Australia. The company is principally engaged in supplying and manufacturing‚ construction and building materials. The products offered by the company include pre-mix concrete and asphalt‚ flyash‚ cement‚ quarry products‚ timber‚ windows‚ plasterboard‚ concrete masonry products‚ clay and concrete roof tiles‚ clay bricks‚ and pavers. It serves customers in the construction and building industries.
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FINANCIAL STATEMENTS AND CASH FLOW 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they have a large factor of safety in meeting short-term creditor demands. However‚ since liquidity also has an opportunity cost associated with it - namely that higher returns can generally be found by investing the cash into productive assets - low liquidity levels are also desirable to the
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FEASIBILITY STUDY On DMC Sparkle WATER REFILLING STATION INTRODUCTION The demand at the water refilling stations – water stores that sell purified water – is now increasing. The quality of purified water conforms to the national standards for drinking water and is even better than the quality of water produced by traditional water supply systems in terms of removed impurities. Over the years‚ as the demand for cleaner water becomes higher‚ the price of household water purifiers and bottled
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Solution to Case 103 IF THE COAT FITS WEAR IT – TEACHING NOTE Questions 1. Your supervisor‚ Vic Gonzales‚ has asked you to prepare a capital budgeting report indicating whether ISGC should replace the existing machine or not. Indicate how would you proceed (without making any calculations)? I would estimate the incremental cash flows over the economic life of the new machine‚ taking into consideration the after-tax salvage values of the old and new machine respectively. Changes in
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income is substantially smaller than average total assets‚ the percentage decrease in the numerator would be greater‚ and ROA would be understated. However‚ in the next two years‚ net income would be overstated because it is not burdened by a depreciation charge‚ average total assets would remain understated‚ and ROA would be overstated. b. This error does not affect cash flows‚ but it does affect classification within the statement of cash flows. Expensing results in an operating cash ouflow
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loss account. Properties for sale: It belongs to the commodity‚ be treated as an inventory account for real estate industry. It can bring sales revenue after be sold. Question 2 a) What is purpose of amortization / depreciation? What is the difference between depreciation and
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your answer book and start each question on a fresh page. Please write legibly. 3. You must return your exam and answer book or your exam will not be graded. 4. SHOW ALL YOUR STEPS OR NO CREDIT WILL BE GIVEN. 1. (25 points) Analysis of Depreciation Candy Coffee purchased a professional coffee machine on January 1‚ 2008. The management provides the following information about the asset and its acquisition: |Purchase Price |$100
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Module I - Assessment of Inherent Risk 1. See Figure BR.A-Biltrite’s organizational chart. Based on the chart and the case description‚ the following strengths and weaknesses should be identified: STRENGTHS: • The structure shows adequate separation within the CBIS function‚ i.e.‚ systems analysis and programming are separate from data processing and control (implications for control risk assessment) • Separation is also maintained between the accounting and finance functions (implications
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Derek Greenfield Intermediate Accounting I 3/2/2012 CA1-1.) 1. True 2. False‚ must comply with all standards and interpretations including disclosure requirements 3. True 4. False‚ FASB must operate in full view of public through a “due process” system that gives interested parties ample opportunity to make their views known CA1-3.) 1. D 2. A 3. D 4. B 5. A 6. B 7. A 8. B E2-5.) Assets- F Liabilities- B Equity- I Investment by owners-
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IPSAS 17—PROPERTY‚ PLANT AND EQUIPMENT Acknowledgment This International Public Sector Accounting Standard (IPSAS) is drawn primarily from International Accounting Standard (IAS) 16 (revised 2003)‚ “Property‚ Plant and Equipment” published by the International Accounting Standards Board (IASB). Extracts from IAS 16 are reproduced in this publication of the International Public Sector Accounting Standards Board (IPSASB) of the International Federation of Accountants (IFAC) with the permission
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