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You are a manager at an audit company. You are currently auditing XYZ Ltd. XYZ Ltd currently has a number of material operating leases reported in the 2015 financial statements.
Write a report to the chief finance officer (CFO) and chief executive officer (CEO) of XYZ Ltd coveting the following:
a. Outline the main differences between the old and new lensing standard relevant to XYZ Ltd's accounting statements. b. Outline the key effects of XYZ Ltd implementing the new leasing standard on the income statement, hal arn.v sheet, statement of cash flows and key financial ratios. c. Outline the theoretical benefits and problems of the new standard compared to the old standard for Australian companies. Please upload your word document to LMS by 3pm on Monday 23 May 2016. Please use 12lank 1.5 line spacing and 2.5 cm margins on all sides.
Please state the word menu at the beginning ofrhe assignment.Reference all material mken from other senora.Within the above marking schedule:• 60% of the marks relate to content.• 5% for report fOrmat,• 30% for clarity of your communication of the answers.• 5% for appropriate referencing.
Suppose you own 5,000 shares that are worth $25 each. How can put options be used to provide you with insurance against a decline in the value of your holding over the next four months?
The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. The following excerpt from the trial balance shows all the information needed to prepare an operating statement.
alden companys monthly sales and cost data for its operating activities of the past year follow. management wants to
Identify at least 3 areas in accounting and/or audit where complexity increases as a result of globalization. How should audit firms deal with them?
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assume do it corp. is taxed at 25 on all of its income. they are considering buying a large amount of new equipment
Petroleum Corporation received a $250,000 life insurance settlement when its CEO died. At that time, the cash surrender value was $16,000.
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Determine the location x and y of the point of application of force P so that the tension developed in cables AB, CD, And EF is the same. Neglect the weight of the plate.
austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be
Prepare the general journal entries necessary to record these transactions.
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