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flow ltd prepares financial statements to 31 march each year on 1 april 1998 flow ltd sold a freehold property to
you are the financial director of pilgrim plc a listed company your new group managing director appointed from one of
you are the management accountant of tree plc a listed company that prepares consolidated financial statements your
the objective of frs 5 -nbspreportingnbspthe substance of transactions is to ensure that a reporting entitys financial
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c amp r plc is a large company which operates a number of retail stores throughout the united kingdom the company makes
x ltd is a retail supermarket chain which regularly constructs its own superstores during the year ending 31 december
the managing director of your company has always been unhappy at depreciating the companys properties because he argues
the valuation and depreciation of fixed assets are covered by both mandatory accounting standards and the companies
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some commentators on financial reporting practices argue that financial statements produced under the historic cost
it is a requirement of the companies acts that the accounts of limited companies mustnbspnbsp show a true and fair view
lsquoat their simplest accounts comprise a summary of cash receipts and payments concepts such as accruals and
before the introduction of accounting standardsnbsp accountingnbsp practicesnbsp variednbsp fromnbsp enter- prise to
valuation of operating assetsmaple corp owns a building with an original cost of 1000000 and accumulated depreciation
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comprehensive incomeassume that you are the accountant for ellis corporation which has issued its 2014 annual report
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the stockholders equity category of jackson companys balance sheet as of january 1 2014 appeared as followspreferred
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present value and future valuethe following situations require the application of the time value of money1 on january 1