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Which of the following is an example of Revenue Expenditure?
A. Transportation paid on machinery purchased
B. A second-hand car was purchases for Rs. 7,000 and Rs. 5,000 were spent for his repairs and overhauling
C. An additional room was constructed at a cost of Rs. 15,000
D. Carriage paid on goods purchased
The expected scrap value of the non-current assets at the end of year 4 Is R375000. The cost of capital Is 12% - on the basis of its Net Present Value (NPV), whether the Investment should be favourably considered.
Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck.
Although all bonds have some common characteristics, they do not always have the same contractual features. For example, most corporate bonds have provisions for early repayment (call features), but these provisions can be quite different for diff..
Which of the following comparisons best isolates the impact that changes in prices of inputs and outputs have on performance?
Determine the number of equivalent units of production with respect to direct materials and conversion costs. Enter all amounts as positive numbers. If an amount is zero or a blank, enter in 0.
A is a fixed expense; B is a variable cost. During the current year the level of activity has reduced but is still within the relevant range.
The following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012.
Each year the supervisor prepares an operating budget for the motor pool. The budget informs university management of the funds needed to operate the pool. Depreciation on the automobiles is recorded in the budget in order to determine the costs p..
Hay Company had January 1 inventory of $100,000 when it adopted dollar-value LIFO. During the year, purchases were $600,000 and sales were $1,000,000. December 31 inventory at year-end prices was $126,500, and the price index was 110. What is Hay ..
Determine the amount of the completed gift, if any, arising from each of the following occurrences.
The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :
1. List the relationships, ratios and trends that will provide useful information about the overall reasonableness of accounts payable. Consider income statement accounts that affect accounts payable in selecting the analytical procedures.
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