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10 What would the company’s profit become after the correction of the above errors?A $634,760B $624,760C $624,440D $625,240
11 Which of the following statements are correct?1 A company might make a rights issue if it wished to raise more equity capital.2 A rights issue mig
13 At 1 January 2005 a company had an allowance for receivables of $18,000At 31 December 2005 the company’s trade receivables were $458,000.It was de
19 What is the company’s return on shareholders’ equity?A 15/40 = 37·5%B 20/100 = 20%C 15/100 = 15%D 20/150 = 13·3%
21 Which of the following items must be disclosed in a company’s published financial statements?1 Authorised share capital2 Movements in reserves3 Fi
2 The draft financial statements of Rampion, a limited liability company, for the year ended 31 December 2005included the following figures:$Profit 6
4 (a) Explain the meaning of the term ‘working capital cycle’ for a trading company. (4 marks)
2 The risk committee at Southern Continents Company (SCC) met to discuss a report by its risk manager, StephanieField. The report focused on a number
1 The scientists in the research laboratories of Swan Hill Company (SHC, a public listed company) recently made a veryimportant discovery about the p
2 Chen Products produces four manufactured products: Products 1, 2, 3 and 4. The company’s risk committee recentlymet to discuss how the company migh