Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
HOME Finance Company Limited made an after-tax profit of $3.172 million for the year ended June 30, 2008.
Chairman James Datta said this was a milestone for the company, with a dividend payout of $2.855m to shareholders.
Mr Datta said the key to their improved performance were a reduction in expenses, increase in income and running the overall organisation in a very tight manner.
This is the first time the company has adopted the International Financial Reporting Standard (IFRS) for the financial year and was able to achieve these results through effective management of its liquidity, interest rate risks and containment of operating costs in the main compared to previous years, he said.
Required:
a) Consider the following syllogism:Premise 1: When a company reports higher profits, shareholders get a dividend payout.Premise 2: HFC Ltd makes an after-tax profit of $3.172 million for the year.Conclusion: HFC Ltd shareholders get a dividend payout.Comment on the syntax and semantics of the above syllogism.b) Explain whether the HFC Ltd brandname can be recognized as an asset.
c) Explain the nature of the dividend to HFC Ltd’s shareholders from the point of view of the following theories:• Entity Theory• Fund Theory
d) Explain which “form of measurement” is employed in calculating the profit of $3.172 million?
Question 1: Briefly explain the following costs terms: Variable costs and fixed costs Semi- variable costs and semi-fixed costs Past costs and future costs.
explain accounting standard 14
Kim presently owns a business that processes and distributes fresh vegetable to local supermarkets. She is looking to expand her business by acquiring the Lackawaxen Emu Oil Compan
Distinctions between management and financial accounting We can observe that management accounting is less constrained than financial accounting. It may draw from a range of s
Some companies announce pro forma earnings and then disclose real earnings measured under US Generally Accepted Accounting Principles (GAAP) in their quarterly financial reports.
Q. Show Purchase Returns and Allowances account? Both allowances and returns reduce the buyer's debt to the seller and decrease the cost of the goods purchased. The buyer may d
most consrvatism way of lower cost method
Why it is important for independent auditor to be a member of a professional body?
ACCOUNTING STANDARDS An Accounting Standard is a elected set of accounting policies or broad strategies concerning the principles and methods to be elected out of numerous subs
Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of emp
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd