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Penny-royal ltd acquired an item of plant under a lease on 1 April 2019. an initial payment of $ 2000 000 is paid on 1 April 2019 and the present value of the future lease payments is $ 7 092 000. penny royal ltd will make four further annual payments of $ 2 000 000 paid in advance commencing 1 April 2020, the useful life of the plant is deemed to be 8 years. Penny royal ltd will obtain legal tittle of the plant following the final payment. the interest rate implicit in lease 5%.
Question 1: What is the total charge to appear in the statement of profit or loss for the year ended 31 March 2020?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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