HI.... just I want the <tags> of this scenario ....

Scenario-based Problem:
You are assigned to develop a web based Online Electronic showroom in the Sultanate of oman using HTML 5 with CSS, basic JavaScript and PHP&MySQL. The website should contain the following webpages:

•  Homepage

•  Sign In

•  Sign Up

•  About Us

•  Product Details

•  Feedback

•  Contact Us

  Following are the details about each page:

  Page-1: HOMEPAGE (Design using Bootstrap)

  This page should have picture/s, background color, text/headings with suitable font with link to all other pages and CSS.

  Page-2: ABOUT US

  This page should have a brief description of the company. This should contain a paragraph with sufficient text color, formatting tags, images, links and CSS.

  Page-3 and 4:Product DETAILS

  Each page should contain Tables with column span and row span, CSS, images, formatting tags, etc. Include any video related to the topic.

  Page-5: SIGN IN (No database)

  This should contain the login form with validations using HTML5, PHP form handling, database connectivity.

  Page-6: SIGN UP

  This should contain the Registration form with validations using JavaScript, PHP form handling, database connectivity. Display the records from the table.

  Page-7: FEEDBACK (No database)

  This should contain the Feedback form with validations using HTML 5 and PHP form handling. Display the feedback.

Page-8: CONTACT US

This should contain a paragraph with sufficient text color, formatting tags, images, links, CSS etc. Note: Kindly refer to the marking scheme for more information and clarity.

20. If there is contingent consideration in an acquisition, where the total amount paid will depend on the future earnings of the acquired company, as of the acquisition date what would be the amount of the liability, if any, shown in the consolidated financial statements?

a. Zero, since the amount is not yet known

b. The minimum that could contractually be paid

c. The fair value of the consideration, which would normally be the present value of the expected amount to be paid

d. The maximum that might contractually be paid.

Your company uses the DDB method. Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired the following month. On April 6, 20X1, your firm purchases a machine for $250,000 that management estimates will last 15 years and have a salvage value of $10,000. What is 20X1 depreciation expense? $33,333 $24,000 $25,000 $32,000

Superstar Limited purchased several investments during 2018. At 31 December 2018, the company had the following investments in ordinary share listed below. All investments are considered as available-for-sale:

On 1 May 2019, the company sold out half of Orlando shares at $28 each and paid $5,000 brokerage fee.

The company acquired 6% bonds from Fantastic Company on 1 October 2019 at $1,207,321. The face value of the bonds is $1,500,000. Semiannual interest is payable 31 March and 30 September. The market interest rate was 9% for bonds of similar risk and maturity. Management has the positive intent and ability to hold the bonds until maturity in 2029.

During 2019, the net income for Sunshine and Orlando were $200,000 and $500,000 respectively. Sunshine and Orlando declared and paid cash dividends of $1.2 and $0.8 each share on 31 December 2019.

The fair value of the investments on 31 December 2019 are shown as below:

Required:

1. Prepare the journal entries to record the investments mentioned above for the year 2019.
2. Assume Superstar has significant influence over the management of Sunshine Company (the investment represents 25% interest in the net assets of Sunshine), what is the reported amount of the investment shown on Superstar’s 2019 statement of financial position?

*Exercise 16-11

The Chartered Financial Analyst (CFA®) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 38 recent CFAs with a mean salary of $142,000 and a standard deviation of $45,000. A sample of 55 MBAs results in a mean salary of $126,000 with a standard deviation of $27,000. Use Table 2. μ1 is the population mean for individuals with a CFA designation and μ2 is the population mean of individuals with MBAs. Let CFAs and MBAs represent population 1 and population 2, respectively. a-1. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level. Do not assume that the population variances are equal. H0: μ1 − μ2 = 0; HA: μ1 − μ2 ≠ 0 H0: μ1 − μ2 ≥ 0; HA: μ1 − μ2 < 0 H0: μ1 − μ2 ≤ 0; HA: μ1 − μ2 > 0 a-2. Calculate the value of the test statistic. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Test statistic a-3. Approximate the p-value. 0.025 Picture p-value < 0.050 0.050 Picture p-value < 0.100 0.010 Picture p-value < 0.025 p-value Picture 0.010 p-value Picture 0.100 a-4. Do you reject the null hypothesis at the 10% level? No, since the p-value is more than α. No, since the p-value is less than α. Yes, since the p-value is more than α. Yes, since the p-value is less than α. b. Using the critical value approach, can we conclude that CFA is more lucrative? No, since the value of the test statistic is more than the critical value of 1.297. No, since the value of the test statistic is more than the critical value of 1.673. Yes, since the value of the test statistic is more than the critical value of 1.297. Yes, since the value of the test statistic is more than the critical value of 1.673.

Asia Pacific Ltd started operating on 1 July 2017 with 12 employees. Three years later all of those employees were still with the company. On 1 July 2019 the company hired 15 more people but by 30 June 2020 only 10 of those employed at the beginning of that year were still employed by Asia Pacific Ltd. All employees are entitled to 13 weeks’ long-service leave after a conditional period of 10 years of employment with Asia Pacific Ltd. At 30 June 2020 Asia Pacific Ltd estimates the following:

 The aggregate annual salaries of all employees hired on 1 July 2017 is now $1,200,000.

 The aggregate annual salaries of all current employees hired on 1 July 2019 is now $800,000.

 The probability that employees hired on 1 July 2017 will continue to be employed for the duration of the conditional period is 40 per cent.

 The probability that employees hired on 1 July 2019 will continue to be employed for the duration of the conditional period is 20 per cent.

 Salaries are expected to increase indefinitely at 1 per cent per annum.

The interest rates on high-quality corporate bonds are as follows:

Corporate bonds maturing in seven years 6% Corporate bonds maturing in eight years 8% Corporate bonds maturing in nine years 8% Corporate bonds maturing in ten years 10% At 30 June 2019 the provision for long-service leave was $12,000.

Required: a) Calculate the total accumulated long-service leave benefit as at 30 June 2020.

b) What amount should be reported for the long-service leave provision as at 30 June 2020 in accordance with AASB 119?

c) Prepare the journal entry for the provision for long-service leave for 30 June 2020 in accordance with AASB 119.

d) Which employee benefits are required to be discounted in accordance with AASB 119?

Tony and Suzie purchased land costing $500,000 for a new camp in January 2020. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow another million dollars, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common.

When the company began on July 1, 2018, Tony and Suzie each purchased 12,500 shares of $1 par value common stock at $1 per share. The following transactions affect stockholders’ equity during 2020, its third year of operations:

July 2 Issue an additional 110,000 shares of common stock for $9 per share.

September 10 Repurchase 11,000 shares of its own common stock (i.e., treasury stock) for $12 per share.

November 15 Reissue 5,500 shares of treasury stock at $13 per share.

December 1 Declare a cash dividend on its common stock of $129,500 ($1 per share) to all stockholders of record on December 15.

December 31 Pay the cash dividend declared on December 1.

Required:

1. Record each of these transactions.

2. Great Adventures has net income of $147,000 in 2020. Retained earnings at the beginning of 2020 was $137,000. Prepare the stockholders’ equity section of the balance sheet for Great Adventures as of December 31, 2020.?

Problem A, Income Taxes Harms Way Company (HWC) provides you with the following information for the year ended October 31, 2020. Your assignment is to calculate income tax expense, income taxes payable, and deferred income tax assets/liabilities. The end result will be a journal entry to record all of that. In addition, you must calculate HWC’s effective tax rate and prepare a reconciliation to the federal statutory rate of 21%. You can explain the difference in words, if you wish.

Information provided:

1. Income before tax, as shown on HWC’s GAAP statement of income = $2,440,000

2. Depreciation calculated under GAAP = $300,000. Depreciation as will be shown on the tax return = $475,000.

3. Interest income on municipal bonds, which is not subject to federal income tax = $150,000.

4. Fines recorded and paid during the year to the EPA for environmental violations = $450,000. Fines are not tax deductible.

5. Meals and entertainment expenses recorded during the year = $375,000. Only one-half (50%) of those expenses may be deducted for tax purposes.

6. At the end of the fiscal year (in October 2020), HWC received a payment of $750,000 from a client for a product to be delivered in November 2020. Under the tax law, that payment is taxable when received, not when the product is delivered.

Your Assignment: Calculate:

1. Income tax expense (GAAP).

2. Income taxes currently payable.

3. Deferred income taxes resulting from this year’s operations.

Be sure to show your work, I give partial credit (full credit, too, of course), but I must be able to see how you calculated amounts used in your answer

QUESTION 4

KAM Ltd (KAM) is a private company in the electronics industry. The company has grown steadily since its incorporation in 1997 and is seeking public listing in the next financial year.

KAM prepared its financial statements under International Financial Reporting Standards (IFRS).

You work in the finance department of KAM and are currently working on the financial statements for the year ended 30 April 2020.

In order to gain maximum interest from the market when shares are offered for public trading, the Directors of KAM are keen to present financial statements showing high profitability.

They are aware that market analysts will look favourably on a higher than average return on capital employed (ROCE) for the electronics industry.

The standard formula to calculate gearing by analysis is:

Profit before interest and tax Equity + Long term liabilities

When reviewing the financial statement the following matters come to light: Part (a)

On 1 May 2019, KAM issued redeemable preference shares for £10 million. The preference shares carry a fixed dividend of 5%.

The dividend of £500,000 has been paid on 30 April 2020 and this amount has been deducted from reserves.

The directors are pleased as the amount paid has not affected the profit for the year.

QUESTION 4 CONTINUES ON THE NEXT PAGE:-

REQUIRED:

1. Explain the correct treatment of the bond under IFRS, identifying any necessary adjustments to the profit for the year ending 30 April 2020.

Maximum word count 200

2. Explain whether the return on capital employed for KAM will change as a result of the adjustments calculated in (a) (i).

Maximum word count: 100

Part (b)

On 1 May 2019, KAM granted 100 share options to all of its employees within its development team on the condition that they remain in its employment for the next four years.

At the grant date, there were 150 employees in the development team and the fair value of each option on the grant date was £52.

During the year ended 30 April 2019, the estimate of the total employee departure was assessed as 10% of the original 150 employees.

During the year ended 30 April 2020, the estimate of total employee departures was reassessed to 8% of the original 150 employees.

The share based payment was correctly accounted in the financial statements for the year ended 30 April 2019. The directors of KAM have stated that they do not wish to make any adjustment for the year ended 30 April 2020, as the impact of the options won’t be felt for another 2 years.

QUESTION 4 CONTINUES ON THE NEXT PAGE:-

REQUIRED:

1. Compute any necessary adjustments to profit before interest and tax for the year ended 30 April 2020 as well as the balance within equity on that date.

2. Provide a brief explanation for the treatment of this type of share based payment in accordance with IFRS 2: Share based payment.

Word count: 200

3. Explain whether the return on capital employed for KAM Plc. will increase or decrease as a result of adjustments calculated in (a) (i).

Word count 100

Having made the adjustments as well as providing explanations for these amendments for the share-based payments, you receive an email from the Managing Director asking:

“Can the estimates for total expected departures be increased, so lessening the impact of profit?”

REQUIRED:

Construct a brief reply to the Managing Director’s email discussing whether this would be permitted under IFRS.