Question
In: Accounting
An analyst has compiled the following information regarding Rubsam, Inc. Liabilities at year - end €...
An analyst has compiled the following information
regarding Rubsam, Inc. Liabilities at year - end € 1,000
Contributed capital at year - end €500 Beginning retained earnings
€ 600 Revenue during the year € 5,000 Expenses during the year €
4,300 There have been no distributions to owners. The analyst ’ s
most likely estimate of total assets at year - end should be
closest to
(1 Point)
€ 2,100.
€ 2,300
€ 2,800
3.On 30 April 2006, Pinto
Products received a cash payment of $30,000 as a deposit on
production of a custom machine to be delivered in August 2006. This
transaction would most likely result in which of the following on
30 April 2006?
(1 Point)
No effect on
liabilities
A decrease in assets of
$30,000
An increase in liabilities
of $30,000
4.Valuing assets at the amount of
cash or equivalents paid, or the fair value of the consideration
given to acquire them at the time of acquisition, most closely
describes which measurement of financial statement elements?
(1 Point)
Current cost
Realizable
cost
Historical
cost
5.Why IFRS doesn’t permit use of
LIFO inventory costing method?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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Liabilities at the end of the year, December 31, 2018 =
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Contributed capital at the end of the year, December 31, 2018 =
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Beginning retained earnings, January 1, 2018 = $300
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Distributions to owners during 2018 = $100
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a.
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Cash 413 911
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Cost of goods sold 2,123 2,609
Net fixed assets 2,715 2,213
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·
The company's capital structure is 70 percent equity, 30 percent
debt.
·
The yield to maturity on the company's bonds is 8 percent.
·
The company's year-end dividend (D1) is forecasted to
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·
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·
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6.0%
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13%
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Market Value
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$
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$
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