Beruflich Dokumente
Kultur Dokumente
AR - net
Inventory
Prepaid expenses
Land held for resale
Total current assets
400,000
700,000
1,200,000
200,000
2,000,000
4,500,000 A
8,750,000
(250,000)
8,500,000 A
3 Share capital
RE (820k - 640k - 30k)
SHE
7,500,000
150,000
7,650,000
8,850,000 A
4,800,000 B
3,000,000 D
6 Cash
AR (1150,000 + 250,000)
Total current assets
550,000
1,400,000
1,950,000 A
RE 1/1
NI (3.6M - 2.6M) x 70%
RE 12/31
630,000
700,000
1,330,000 C
775,000 D
8 Cash
NR net of discounted face value
Net total AR (3M + 800) - 100
Inventory
Total current assets
1,500,000
500,000
3,700,000
2,800,000
8,500,000 A
9 Cash
AR (1.42M + 240 - 120)
Inventory
Total current assets
3,200,000
1,540,000
2,800,000
7,540,000 A
4,100,000
1,500,000
500,000
600,000
6,700,000 A
7,410,000
(400,000)
540,000
750,000
(500,000)
7,800,000
3,072,000
200,000
2,872,000
8 years
359,000
3 D, should be an adjustment to retained earnings and not included in the income statement.
4 Litigation loss net of tax (250k x 70%)
5 RM purchased
Freight in
Total
Less: Increase in RM inventory
RM used
Direct labor
Factory overhead
Total manufacturing cost
Decrease in goods in process
Cost of goods manufactured
Decrease in finished goods
Cost of goods sold
6 Dividend
Distribution
Interest
Bank treasury bills income
Net income in trading securities (600 - 150)
Other
Total income
Finance cost
Administrative staff costs
Sundry admn. Costs
Total expenses
Total income
Less: Total expenses
Income before taxes
Less: Taxes
Net income
175,000
4,300,000
250,000
4,550,000
150,000
4,400,000
2,000,000
3,000,000
9,400,000
200,000
9,600,000
350,000
9,950,000
9,200,000
500,000
700,000
100,000
450,000
250,000
11,200,000
300,000
3,800,000
1,200,000
5,300,000
11,200,000
5,300,000
5,900,000
1,700,000
4,200,000
400,000
4,600,000
1,040,000
3,720,000
4,760,000
850,000
3,910,000
150,000
4,060,000
1,540,000
280,000
205,000
125,000
10,000
85,000
40,000
2,285,000
8,350,000
100,000
(4,060,000)
(2,285,000)
(105,000)
2,000,000
500,000
2,500,000
3,000,000
5,500,000
1,000,000
4,500,000
income statement.
A
8,000,000
(3,000,000)
2,500,000
7,500,000
800,000
8,300,000 C
3,000,000
9,000,000
(7,000,000)
5,000,000
July DIT
July OC
Adjusted cash balance
Unrecorded note collection
Unrecorded bank debits
Cash in bank per ledger
1,000,000
(600,000)
5,400,000 B
(200,000)
150,000
5,350,000 B
Bank deposits
DIT - June
DIT - July
Adjusted deposits
Unrecorded bank collection
Cash receipts per ledger
9,000,000
(400,000)
1,000,000
9,600,000
(200,000)
9,400,000 B
Bank disbursements
OC - June
OC - July
Adjusted disbursements
Unrecorded service charge and NSF check
Cash disbursements per ledger
7,000,000
(900,000)
600,000
6,700,000
(150,000)
6,550,000 B
1,700,000
220,000
1,480,000
4%
500,000
800,000
13,000,000 A
600,000
400,000
450,000
200,000
1,650,000 A
1/1 Allowance
Total writeoff (200,000 + 100,000)
Recovery
Provision or DA exp. (SQUEEZED)
Required allowance
1,000,000
(300,000)
50,000
900,000 C
1,650,000
900,000
400,000
500,000 D
9,900,000
1,650,000
NRV
8,250,000 B
1 Unadjusted inventory
In transit goods purchased FOB shipping point
Adjsuted inventory
6,000,000
300,000
6,300,000 D
1,900,000 B
4,500,000
2,000,000
735,000
7,235,000 C
4 Selling price
Less: Cost to complete
NRV that is lower than cost under FIFO
4,000,000
1,500,000
2,500,000 A
5 GAS at retail
6,900,000
Less: Sales
EI at retail price
Cost ratio under conservative (4.9M / 7M)
Estimated ending inventory at cost
6 RM purchased
Less: Increase in RM inventory
RM used
Direct labor
Factory overhead (60% x 5M)
Total manufacturing cost
WIP beginning
Total good placed in process
Less: WIP END (SQUEEZED)
Cost of goods manufactured (18.5M - 6M)
Finished goods beginning
Cost of goods manufactured (14M + 4.5M)
Less: Finished goods end
Cost of goods sold (20M x 70%)
5,500,000
1,400,000
70%
980,000 D
4,000,000
300,000
3,700,000
5,000,000
3,000,000
11,700,000
4,300,000
16,000,000
3,500,000
12,500,000
6,000,000
18,500,000
4,500,000
14,000,000
3,200,000
3,600,000
(400,000)
9,200,000
9,600,000
(400,000)
Selling price
Less: Cost of security C
Loss on sale debited from RE
4,600,000
5,300,000
(700,000)
580,000
15,000
2,400,000
2,415,000
2016
3,000,000
(300,000)
100,000
(500,000)
500,000
4,600,000
40%
1,840,000
B
Cost
Total investment income
Total dividends received
CA 12/31/17
100,000
2,300,000
40%
920,000
C
6 Cost 1/1/16
Add: Amortization
Interest income (4,562,000 x 10%)
Interest received (5M x 8%)
CA 12/31/16
Add: Amortization
Interest income (4,618,200 x 10%)
Interest received (5M x 8%)
CA 12/31/17
2017
4,000,000
6,000,000
2,760,000
(1,000,000)
7,760,000
4,562,000
456,200
400,000
461,820
400,000
56,200
4,618,200
61,820
4,680,020
C
B
B
A
2,000,000
1,142,400
4,000,000
7,142,400 A
4,000,000
1,200,000
2,800,000
3,500,000
(700,000) B
4,300,000 A
1,650,000 A
1,300,000
10,000
1,310,000 A
700,000
200,000
900,000 B
5,800,000 C
6,000,000
4,400,000
1,600,000
9%
144,000
350,000
494,000 C
800,000
(306,000) B
1 Cost
Less: RV
Depreciable amount
1,100,000
200,000
900,000
120,000 A
1,600,000
1,200,000
1,400,000 C
1,650,000
50,000
1,700,000 B
2016
3,000,000
7,000,000
10,000,000
2017
2,500,000
3,500,000
6,000,000
35,000,000
5,000,000
30,000,000
3.00 per ton
9,000,000 D
3.50 per ton
8,750,000 D
35,000,000
17,750,000
17,250,000 B
5,600,000
2,200,000
3,400,000 B
The asset is not impaired. The recoverable amount is higher than carrying amount
6 Value in use
Less: Carrying amount
Impairment loss
CA of goodwill
Less: Impairment
CA after impairment
2,700,000
3,300,000
(600,000)
1,100,000
600,000
500,000 D
CA of machinery
7 Revalued amount
Less: Carrying amount
Revaluation surplus 1/1/16
Less: 3 year amortization (7.8M / 39 years x 3)
12/31/18 Balance
2,200,000 A
46,800,000
39,000,000
7,800,000 A
600,000
7,200,000
CA after revaluation
Less: 2 year depreciation (46.8M / 39 x 2)
CA 1/1/18
46,800,000
2,400,000
44,400,000
Revalued amount
Less: Carrying amount
Revaluation surplus 1/1/18
55,500,000
44,400,000
11,100,000 B
300,000
10,800,000
18,000,000 B
1 Cost of patent
Less: Accumulated amortization
CA of Patent 1/1/16
Less: 2016 Amortization (1,680,000 / (8 - 2))
CA 12/31/16
1,920,000
240,000
1,680,000
280,000
1,400,000
200,000
40,000
160,000
330,000
50,000
380,000 A
Patent
Trademark (800k x 3/4)
Non competition contract
Total Intangible assets 1/1
2 Amortization of patent written off (900k / 10)
Loss on the write off (900k - (90k x 4))
Legal cost for defense of patent
Total expenses
Selling price
Less: CA (4.5M x 12/15)
Gain on sale
3 Book value of net assets
Add/Deduct FV differences:
PPE
Other Assets
Long term debt
FV of net assets
Purchase price
Less: FV of net assets
Goodwill
1,680,000
600,000
200,000
2,480,000 B
90,000
540,000
1,500,000
2,130,000 B
7,500,000
3,600,000
3,900,000 D
32,000,000
7,500,000
(5,000,000)
2,000,000
36,500,000
40,000,000
36,500,000
3,500,000 A
450,000
1,200,000
1,650,000 A
5,900,000 C
3,400,000 B
2,300,000 B
1,600,000 B
4,200,000
420,000
4,620,000
2,200,000
2,420,000 C
1,500,000
3 Best estimate
500,000
204,000
150,000
54,000
160,000 B
6 Face value
Discount of converted BP
Share premium from conversion priviledge converted
Less: PV of shares issued (5,000 x 40 x 20)
Share premium
5,000,000
(250,000)
1,000,000
5,750,000
4,000,000
1,750,000 D
5,600,000
1,680,000
120,000
(20,000)
1,780,000 D
800,000 C
1 Net investment
Divide by
Annual rental
Gross investment (750,000 x 5)
Less: Net Investment
Total interest revenue
2 Selling price
Less: CA
Gain on sale
Net investment
Less: July 1, 2016 payment
Balance
Interest income (6 mos.) 2.9M x 10% x 6/12
3 PV of MLP/Lease liability
Less: Rental paid in advance
Lease Liability after first payment and 12/31/16
Less: Lease payment on 1/1/17applied to lease liability
Lease liability 1/1/17 and 12/31/17
2017 Interest Expense (4,863,000 x 10%)
4 Current service cost
Past service cost
Loss on settlement
Net interest (600 - 350)
Benefit expense
3,234,000
4.312
750,000
3,750,000
3,234,000
516,000 C
3,500,000
2,800,000
700,000 A
3,500,000
600,000
2,900,000
145,000 D
6,330,000
1,000,000
5,330,000
467,000
4,863,000 B
486,300 B
500,000
300,000
250,000
250,000
1,300,000 A
(500,000)
200,000
(300,000)
1,300,000
1,000,000 B
2,400,000 A
60,000
20,000
40,000
100
4,000,000 C
888,000
266,400
1,421,244
548,600 B
334,000 C
45
18,000
(9,600)
8,400
908,400 C
800,000
100,000
900,000 C
600,000 A
1,500,000
2,500,000
(2,100,000)
1,900,000 C
200,000
100,000
1,300,000
200,000
(100,000)
(500,000)
150,000
1,350,000 B
19,000,000
(2,000,000)
(1,000,000)
16,000,000 B
20%
300,000
5,000
45,000
(20,000)
330,000 B
48.48 A
300,000
20,000
320,000
Net income
Less: Pref. Div. (30 x 10,000)
Net income to ordinary
Divide by
BEPS
Assumed proceeds from share options (30,000 x 20)
6,700,000
300,000
6,400,000
320,000
20 A
600,000
20,000
10,000
40,000
50,000
6,400,000
70,000
6,470,000
370,000
17.49 C
500,000
80,000
580,000
1,910,000
580,000
1,330,000
10,000
133 C
40,000
420,000
460,000
390,000
70,000
2,210,000
(800,000)
1,410,000
1,060,000
30,000
2,500,000
2,000
70,000
5,000
160,000
200,000
360,000
5 Insurance expense
Credit adjustment to prepaid insurance
Insurance premium paid
875,000
35,000
910,000
6 Net income
AR increase
Doubtful accounts expense
Prepaid rent expense decrease
Accounts payable increase
Net cash provided by operating activities
7,500,000
(300,000)
10,000
210,000
150,000
7,570,000
7 Net income
Increase in investment in associate
Decrease in premium on BP
Increase in deferred tax liability
Net cash provided by operating activities
7,500,000
(550,000)
(140,000)
180,000
6,990,000
8 Net income
Depreciation expense (400 + 150)
Gain on sale
Net cash provided by operating activities
3,000,000
550,000
(50,000)
3,500,000
545,000
Investing
(5,500,000)
Sale of investments
Purchase of patent
Dividends
Issuance of shares
Payment of bank loan
Issuance of bonds
Net cash (used) / provided by
11 NI
Overstatement of beginning inventory
Understatement of ending inventory
Understatement of insurance expense
Overstatement of sales
Adjusted NI
5,000,000
(1,250,000)
.
(1,750,000)
2,000,000
300,000
500,000
(50,000)
(100,000)
2,650,000
B
B
A
Financing
5,500,000
(6,000,000)
2,500,000
(1,500,000)
3,000,000
3,500,000 C/B