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PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS OF LIMITED COMPANIES
This is a chapter dealing with company financial statements, a topic frequently examined.
Do not be put off by the large volume of detail in the chapter. You will gradually acquire the required knowledge through persistent repetitions of the build up illustrations provided throughout the section and frequent attempts at the practice questions provided at the end of the chapter.The preparation of published financial statements involves preparing and preventing financial statements to external users especially shareholders in a form prescribed by the law (Companies Act) and the International Reporting Standards (IFRSs).The Companies Act gives the guidelines on preparation of the financial statements, then registration with the registrar of companies, auditing and certain disclosures such as director’s salaries.
The current stock price of IOU is $250 and has a standard deviation of 35% per year. The risk-free interest rate is 5% per year compounded continuously. Find the prices of a call a
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Below is the Trial Balance for Clay Employment Services, year ending December 31, 2011. Previous period's information were as follows: net receivables, $290,000 and inventory, $82
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On December 31, 2014, Santana Company has $7,194,600 of short-term debt in the form of notes payable to Golden State Bank due in 2015. On January 28, 2015, Santana enters into a re
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VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 4
Q. Retained earnings is increased by each of the following except a. some disposals of treasury stock. b. net income. c. prior period adjustments. d. All of these increase retained
Omission to do something which a reasonable man, guided by those ordinary considerations that ordinarily regulate human affairs, would do or doing of something that a reasonable an
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