ABC Ltd, a manufacturing company, commenced operations on 20 September 2016 by issuing 350 000 $5.00 shares, payable in full on application on a first-come, first-served basis. By 30 November 2016 the shares were fully subscribed and duly allotted. There were share issue costs of $10 000. No additional shares were issued during the year ending 30 June 2017.

For the year ending 30 June 2018, the company recorded the following aggregate transactions:

The following additional information was noted during the preparation of financial statements for the year ended 30 June 2018:

75 000 fully paid ordinary shares have been issued on 1 October 2017 at the price of $4.00.

$135 000 dividends (31.76 cents per share) were declared and paid during the 2018 financial year. A final dividend for 2018 of $51 850 was proposed but not recognised in the financial statements.

There was a gain of $20 000 from the cash flow hedge arrangement during the 2018 financial year. Any gain or loss associated with the cash flow hedge is directly recognised in equity. There was no previously recognised cash flow hedge reserve before the 2018 financial year.

$25 000 of bank loans is repayable within 1 year.

$90 000 of other loans is repayable within 1 year.

The employee benefits of $32 000 are expected to be settled wholly within 12 months.

ABC Ltd measures inventory at the lower of cost and net realizable value and property, plant and equipment using a cost model.

The summarised balances are provided below:

I need to make Trial Balance, Comprehensive Income Statement, and Change in equity statement and Balance Sheet out of the above information

Please help me in understanding following points if I am understanding them right or not :

For the share capital do I need to put 35000x5.00=1750000 +75000x4=2050000- share issue cost= 2040000

Gain on cash flow hedge of 20,000 will go as credit in Trial balance as Cash flow hedge reserve and then it will go in Other Comprehensive income statement ?

Dividend which is declared and paid of $135000 will be debit in Trial balance and then we will deduct it in Change of Equity Statement?

What will be the treatment of Final Dividend of 51,850 which was proposed but not recognised in the Financial Statements? It will go in which statement?

Retain earnings of 2017 will also add in Change of Equity Statement with initial share capital and this year profit?

Bank Loan of 25,000 , Other loans of 90,000 and employee benefits of 32000 will go as current or short term liability in the balance sheet or not?

One-quarter kilogram of air is compressed in a piston-cylinder device from 350 K and 150 kPa to 550 K and 900 kPa. Determine

a. The entropy change, in KJ/K.

b. The direction of any heat transfer by using the entropy balance.

c. What-if scenario: If this process occurs adiabatically, is this process reversible, irreversible, or impossible process? Please answer the nature of this process and why.

Hot air containing 1 mole% water vapor flows into a textile dryer at 350°F and 6.2 psig at a rate of 30,000 ft3/hr, and emerges at 220°F and 1 atm absolute pressure (i.e., it is vented outside the building) containing 10 mol% H2O. Calculate the following:a. The mass flow rate of the entering hot air stream in lbm/hrb. The rate of evaporation of the water from the textiles in lbm/hrc. The volumetric flow rate of the emerging air stream in ft3/hr

Consider the following reaction where Kc = 10.5 at 350 K:

2 CH2Cl2 (g) CH4 (g) + CCl4 (g)

A reaction mixture was found to contain 1.22×10-2 moles of CH2Cl2 (g), 5.20×10-2 moles of CH4 (g), and 4.18×10-2 moles of CCl4 (g), in a 1.00 liter container.

Indicate True (T) or False (F) for each of the following:

1. In order to reach equilibrium CH2Cl2(g) must be consumed .

2. In order to reach equilibrium Kc must increase .

3. In order to reach equilibrium CH4 must be consumed .

4. Qc is less than Kc.

5. The reaction is at equilibrium. No further reaction will occur.

1. An average department store sells 350 men's suits per year. The men's suit departments at a particular national chain of stores claim they sell more than the industry average. In 45 of their stores, they sold, on the average, 450 suits per year with a population standard deviation of 50. What is the test value for their claim?

2. The average speed of greyhound dogs is about 18.7 meters per second. A particular greyhound breeder claims that her dogs are faster than the average greyhound. In a sample of 30 of her dogs, they ran, on the average, 19.4 meters per second with a standard deviation of $1.5. At α = 0.05, does the data support her claim?

Random samples from two normal populations produced the following statistics: s1² = 350 n1 = 30 s2² = 700 n2 = 30

a. Can we infer at the 10% significance level that the two population variances differ?

b. Repeat part (a) changing the sample sizes to n1 = 15 and n2 = 15.

c. Describe what happens to the test statistic and the conclusion when the sample sizes decrease.

Write a 260- to 350-word summary of this week's readings.

Describe major concepts you learned.

Explain how you can apply what you learned to your current or future workplace.

3.1 Determine what constitutes a property, plant, or equipment asset.

3.2 Calculate depreciation under various methods.

3.3 Explain the accounting issues related to fixed assets and intangibles.

3.4 Discuss asset impairment and the required accounting for impairments.

A monatomic ideal gas expands slowly to twice its original volume, doing 350 J of work in the process.

Part A

Find the heat added to the gas if the process is isothermal.

Part B

Find the change in internal energy of the gas if the process is isothermal

Part C

Find the heat added to the gas if the process is adiabatic

Part D

Find the change in internal energy of the gas if the process is adiabatic.

Part E

Find the heat added to the gas if the process is isobaric

Part F

Find the change in internal energy of the gas if the process is isobaric.

McWherter Instruments sold $350 million of 6% bonds, dated January 1, on January 1, 2021. The bonds mature on December 31, 2040 (20 years). For bonds of similar risk and maturity, the market yield was 8%. Interest is paid semiannually on June 30 and December 31. Blanton Technologies, Inc., purchased $350,000 of the bonds as a long-term investment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1. Determine the price of the bonds issued on January 1, 2021.
2. Prepare the journal entries to record (a) their issuance by McWherter and (b) Blanton's investment on January 1, 2021.
3. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on June 30, 2021 (at the effective rate).
4. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on December 31, 2021 (at the effective rate).

Harvard Prep Shops, a national clothing chain, had sales of $350 million last year. The business has a steady net profit margin of 20 percent and a dividend payout ratio of 40 percent. The balance sheet for the end of last year is shown below:

Harvard’s anticipates a large increase in the demand for tweed sport coats and deck shoes. A sales increase of 20 percent is forecast.

All balance sheet items are expected to maintain the same percent-of-sales relationships as last year, except for common stock and retained earnings. No change in the number of common shares outstanding is scheduled, and retained earnings will change as dictated by the profits and dividend policy of the firm.

a. Will external financing be required for the Prep Shop during the coming year?

• Yes

• No

b. What would the need for external financing be if the net profit margin went up to 25 percent and the dividend payout ratio was increased to 75 percent? (Enter the answer in millions. Round the final answer to 2 decimal places.)

Required new funds           $  million