Part 1 of 1 - Week 1 Quiz 100.0 Points Question 1 of 25 4.0 Points The firm’s price-earnings (P/E) ratio is influenced by its A.capital structure. B.earnings volatility. C.sales‚ profit margins‚ and earnings. D.all of these. Answer Key: D Question 2 of 25 4.0 Points The primary disadvantage of accrual accounting is that A.it does not match revenues and expenses in the period in which they are incurred. B.it does not appropriately measure accounting profit
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44AB of the Income Tax Act‚ 1961 in the case of a person referred to in clause(b) of sub-rule(1) of rule 6G We have examined the balance sheet as on 31st March 2010‚ and the trading & profit and loss account for the year ended on that date‚ attached herewith of M/S KARTAR SINGH HARCHARAN SINGH‚ AMBALA CITY (P.A.N. ACBPS 4438 B) 2. We certify that the balance sheet and the trading & profit and loss account are in agreement with the books of account maintained at the head office at AMBALA and nil
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CHAPTER 4 Balance Sheet ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Disclosure principles‚ uses of the balance sheet‚ financial flexibility. Classification of items in the balance sheet and other financial statements. Preparation of balance sheet; issues of format‚ terminology‚ and valuation. Subsequent events. Questions 1‚ 2‚ 3‚ 5‚ 6‚ 7‚ 10‚ 18‚ 21‚ 24‚ 25 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 18‚ 19 4‚ 7‚ 8‚ 9‚ 16‚ 17‚ 20‚ 23‚ 26 22 1 Brief Exercises Exercises Problems 2. 1‚ 2‚ 3‚ 4‚ 5‚ 6‚
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CHAPTER 15 Completing the Audit LEARNING OBJECTIVES 1 2 3 4 5 6 7 8 Describe the balance sheet account groups that the major revenue and expense accounts are associated with‚ and the substantive analytical procedures applied to audit revenues and expenses. Outline the overall analytical procedures to be performed at the final stage of the audit‚ including analysis of the income statement‚ the cash flow statement‚ financial statement presentation and disclosures
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use rate ruling at transaction date Gain/loss on retranslation to SOCI May use average rate for SOCI transactions Monetary items retranslated at SOFP date Nonmonetary items left at historic rate GROUP STATEMENT OF CASHFLOWS Proforma statement of cash flows per IAS 7 $ Operating activities Profit before tax Add: interest payable Less: Income from associate Adjust for noncash items dealt with in arriving at operating profit: Add: depreciation Add: loss on impairment Add: loss
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CFO of Caceres for not keeping him informed about the incident and also demanded 1.5% excess interest on the exceeding amount. The company was required to submit a proforma statement for the year 2000. The statement was made after a lot of thought by the senior management. However the CFO felt the company had to maintain a cash balance of 200‚000 pesos at any given time. It is
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| |Statement of comprehensive income |Profit and loss account | |Statement of financial position |Balance sheet | |Non-current assets |Fixed assets | |Inventory
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three years into the future: PROFORMA FINANCIAL STATEMENTS 9) A(n) … is a snapshot of a company’s assets‚ liabilities‚ and owner’s equity at a specific point in time BALANCE SHEET 10) Real estate‚ buildings‚ equipment and furniture are classified as … on a company’s balance sheet. FIXED ASSETS 11) Cash plus items that are readily convertible to cash‚ such as accounts receivable‚ marketable securities‚ and inventories are classified as … on a firm’s balance sheet: CURRENT ASSETS 12) Which
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satisfaction. Through previous business with MidBank‚ TCI has established a good line of credit with them. In 1991‚ TCI took out a loan from MidBank to build a warehouse. This loan was being repaid in equal annual payments of $125‚000‚ leaving a remaining balance of $875‚000 at the end of 1995. In order to expand its warehouse facilities and utilize this line of credit‚ TCI plans to invest $2‚400‚000 on this expansion; $2‚000‚000 to be spent during 1996‚ the remaining to be used in 1997 as needed‚ fulfilling
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FINANCIAL PLAN FINANCIAL PLAN: Smoothy Juice Company Ltd. Pro foma Income Statement For the year ended 31 July 2014 Particulars taka taka Revenue: Net sales 25500000.00 Less: Cost of Goods Sold: Beginning Inventory 0.00 add Purchase 11500000.00 Freight-in 350000.00 11850000.00 Less: Ending Inventory 1704500.00 Total costs of goods sold 10145500.00 Gross Profit 15354500.00 Less: Operating Expenses: Advertising
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