资源描述:
《会计专业英语题目.doc》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、✓QUESTION9.10Shouldthisbeaworkedexample???ThefollowingstatementshavebeenprovidedfromtheannualreportsforPremierProductsLtd.Balancedateis31December2010.PremierProductsLtdBalanceSheetasat31December201020102009Assets$$CurrentAssetsInventory433,125288,750AccountsRece
2、ivable115,000124,000AllowanceforDoubtfulDebts(2,545)(2,480)CashatBank10,2505,372PropermPlantandEquipmentLandandBuildings360,000265,000AccumulatedDepreciation-LandandBuildings(7,800)(5,600)MotorVehicles25,10018,200AccumulatedDepreciation-MotorVehicles(9,750)(6,68
3、0)OfficeEquipment20,00014,500AccumulatedDepreciation-OfficeEquipment(8,425)(8,020)InvestmentsSharesinOtherCompanies9,3759,375TotalAssets944,330702,417LiabilitiesandEquityLiabilitiesCurrentLiabilitiesAccountsPayable71,83561,030IncomeTaxPayable10,2009,200AccruedWa
4、ges10,5508,500AccruedInterestExpenseNon-CurrentLiabilities1,00()1,500Loan50,00095,000EquityIssuedandPaidupCapital265,000235,000RetainedEarnings440,745292,187LandandBuildingRevaluationReserve95,000—TotalLiabilities&Shareholders5Equity944,330702,417$1,472,501972,5
5、28499,9732,250502,223236,165266,05815,000251,05865,000186,058PremiumProductsLtdIncomeStatementfortheyearended31December2010$SalesLess:CostofGoodsSoldGrossProfitDividendsReceivedLess:ExpensesDepreciation7,375Advertising42,750AuditFees9,000DiscountAllowed2,100Doub
6、tfulDebts65PrintingandPostage1,050Wages167,700LossonsaleofOfficeEquipment100OtherOperatingExpenses6,025TotalExpensesNetProfitbeforeInterestandTaxlessInterestExpenselessTaxationProfitafterTaxAdditionalinformation:OfficeEquipmentwassoldfor$13,200duringtheyear・Ther
7、ewerenoothersalesofproperty,plantandequipment.Required:1.PreparetheStatementofCashFlowforPremierProductsLimitedfortheyearended31December2010.Allworkingsmustbeshown.[Note:IgnoreGSTimplications.]1.IntheProperty,PlantandEquipmentsectionoftheBalanceSheet,anincreaseo
8、f$5,500isshowninthevalueofOfficeEquipment.ExplainthechangestotheOfficeEquipmentaccountthathaveprobablytakenplaceduringtheyear・2.InstudyingthefinancialstatementsforPre