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Answer added by  Deleted user
21 days ago

1. The proportion of the total value for land = $614,400 / ($614,400 + $345,600) = 64% 2. Land recorded at 64% of $920,000 = $588,800 Answer: Increase land by $588,800

Shazia Anees's image
Question added by Shazia Anees Assistant Manager Finance Arham Trading Company
9 years ago

You pay a dividend, what happens on the cash flow statement and in which section?‎

  1. Cash increases - Investing section   2. Cash increases - Operating section   3. Cash decreases - Financing section   4. Cash increases - Financing section‎ ... See More

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Question added by Shahbaz Hayder Group Head of Finance Sharif Group of Companies
9 years ago
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23
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Question added by Shahbaz Hayder Group Head of Finance Sharif Group of Companies
9 years ago

A company is being sued for $100,000. What would be recorded on the balance sheet?‎

    a. Nothing   b. $100,000 Set-aside Cash   c. $100,000 Liability   d. $100,000 Contingent Liability‎

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Question added by Shahbaz Hayder Group Head of Finance Sharif Group of Companies
9 years ago

Working capital is a measure of:‎

a.consistency. b.liquidity. c.profitability. d.solvency. e.none of the options listed‎

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Shahbaz Hayder's image
Question added by Shahbaz Hayder Group Head of Finance Sharif Group of Companies
9 years ago
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10
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5
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Shazia Anees's image
Question added by Shazia Anees Assistant Manager Finance Arham Trading Company
9 years ago

Which of the following equations properly represents a derivation of the fundamental accounting equation?‎

  • Assets + liabilities = owner's equity   • Assets = owner's equity   • Cash = assets   • Assets - liabilities = owner's equity‎

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Question added by Zehab Osman Accountant Aldar Consultancy Co.
8 years ago

What does IAS Twelve deal with? ‎

1. inventories   2. Taxes   3. construction contracts   4. revenue    ‎

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10
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