Beruflich Dokumente
Kultur Dokumente
CPAR HO#5764
1 Cash (600 - 200)
AR
Inventory
Prepaid expenses
Land held for resale
Current assets
400,000
700,000
1,200,000
200,000
2,000,000
4,500,000 A
2 AP
Dividends payable
Income tax payable
Note Payable
Current liabilities
1,900,000
500,000
900,000
600,000
3,900,000 C
8,750,000
(250,000)
8,500,000 A
800,000
25.00%
3,200,000 D
250,000
1,500,000
850,000
2,600,000 A
2,000,000
100,000
50,000
2,150,000 D
7 Unadjusted income
Dividend from equity investedd
Correction of an error
G&A expenses
5,000,000
(320,000)
1,400,000
6,080,000 D
1,200,000
1,050,000
400,000
2,650,000 A
359,000 D
406,000 D
11 Checkbook balance
NSF check
Undelivered check
Coins and currencies
Total cash
8,000,000
(3,000,000)
2,500,000
800,000
8,300,000 C
9,000,000
(1,400,000)
1,000,000
8,600,000 A
930,000
(20,000)
30,000
940,000 D
14 ADA 1/1
Writeoffs
Recovery
Interim provisions (20M x 4%)
Balance before adjustment
Additional writeoff
Credit adjustment on 12/31
ADA 12/31 per aging
1,000,000
(200,000)
50,000
800,000
1,650,000
(100,000)
100,000 B
1,650,000
15 Face value
Less: Unamorized discount (10.8% x 5M x 7/12)
Carrying amoun
5,000,000
315,000
4,685,000 C
16 Face value
Interest on maturity
Maturity value
Less: Discount (5.45m X 12% x 8/12)
Proceeds
Less: Total receivable
Loss on discounting
500,000
50,000
550,000
33,000
517,000 D
525,000
(8,000)
2,000,000
300,000
2,300,000
0.68
1,564,000
2,000,000
3,564,000 D
1,500,000
40,000
1,540,000
60,000
1,480,000 B
The direct cost is added to carrying amount while loan origination fee is deducted from
carrying amount and indirect cost is an expense
19 Revenue from desks produced guaranteed by government contract
550,000 C
1,900,000 B
21 Physical count
Goods in transit purchased FOB shipping point
Correct amount of inventory
6,000,000
300,000
6,300,000 D
4,500,000
2,000,000
735,000
7,235,000 C
5,000,000
2,000,000
400,000
600,000
(850,000)
(200,000)
6,950,000 A
3,600,000
840,000
756,000
650000
2,246,000
1,354,000 A
5,600,000 D
7,500,000
6,800,000
700,000
60.00%
420,000
0 D
28 Cost
Share in net income (4M x 20%)
Amortization of half of inventory (1M x 20% x 1/2)
Dividends received
Carrying amount
5,000,000
800,000
(100,000)
(300,000)
5,400,000 A
900,000 B
4,562,000
456,200
400,000
461,820
400,000
56,200
4,618,200
61,820
4,680,020 A
60,000
25,000
35,000 C
435,000
398,750
36,250 C
12,500,000
12.00%
1,500,000 C
34 Down payment
PV of installments (200,000 x 4.712)
Cost of the machine
200,000
942,400
1,142,400 D
2,800,000
3,500,000
(700,000) C
36 FV of building
Repairs and remodelling
Total cost
4,000,000
600,000
4,600,000 B
2,500,000
1,800,000
4,300,000 A
1,650,000 A
1,000,000
600,000
1,600,000
800,000
600,000
1,400,000
45,000,000
4,000,000
11.25
3,375,000 B
5,250,000
375,000
4,875,000
6,825,000
4,875,000
1,950,000 B
280,000
40,000
320,000 A
4,500,000
900,000
3,600,000
7,500,000
3,600,000
3,900,000 D
5,600,000
2,200,000
3,400,000 B
The recoverable amount of 175,000 is higher than the carrying amount, therefore the asset is not
impaired.
46 Purchase price
Less: FV of net assets (32M + 7.5M - 5M + 2M)
Goodwill
40,000,000
36,500,000
3,500,000 A
450,000
1,200,000
1,650,000 A
48 Cash paid
PV of future installments (2.91 x 2,000,000)
Cost of franchise
4,000,000
5,820,000
9,820,000 C
600,000 D
1,400,000 A