Question 81
A company issues $100,000 12% Loan stock (debentures) on 1 July when the year end is 31 December The finance cost to be charged to the income statement in year 1 is $
Question 82
Comany D recently purchased an intangible asset from CompanyJFY, which was priced at £150,500, which Company D paid, along a goodwill amount that totalled 25% of the asking price.
Company D has estimated that the purchased entity will have a useful life of 35 years. Company D has decided to amortise the cost of the new asset using the straight line method.
What will the amortisation figure per annum be for Company D's new entity?
Question 83
A company started the year with an allowance for receivables of $2,500.
During the year, an $800 bad debt was written off and a debt of $350 that had been written off as bad in the previous year was received in full. At the year end the allowance for receivables was $2,300.
The charge in the income statement for the year in respect of bad debts is $
Question 84
Which of the following is not a correct definition of the accounting equation?
Question 85
Refer to the exhibit.
The following ratios have been calculated for A Limited:
The return on capital employed for A Limited is therefore