2007%20S1%20MS%20Question

2007%20S1%20MS%20Question - School of Accounting ACCT 1511:...

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School of Accounting ACCT 1511: Accounting and Financial Management 1B Session 1, 2007 Mid-Session Examination Tuesday, 24 th April 2007 QUESTION PAPER Time Allowed: 60 minutes This Paper is worth 20% of your final composite mark. Part A (30 marks) comprises one (1) comprehensive question based on the topic “Cash Flow Statements”. Your calculations and answers must be provided in the Answer Booklet. Pa rt B ( 5 marks) comprises one (1) comprehensive question based on the topic “Financial Statement Analysis”. Write your answers in the space provided in th e Answer B ooklet. NOT RELEVANT in S2 2008 Note that only the writings inside the allocated space in the Answer Booklet will be marked. This Paper may be retained at the end of the exam.
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The following information relates to Gooffey Ltd: Gooffey Ltd. Comparative Balance Sheet as at June 30 (in $000s) $000s $000s 2007 2006 Assets Current Assets Cash 4 60 Accounts receivable 275 252 Allowance for doubtful debts (30) (19) Inventory 315 285 Prepaid insurance 60 50 Non-Current Assets Land & Buildings 1,250 950 Accumulated depreciation – Buildings (150) (120) Equipment 230 260 Accumulated depreciation – Equipment (30) (68) Motor vehicles 145 195 Accumulated depreciation – Motor vehicles (25) (25) Patents (net of amortisation) 230 250 Total Assets 2,274 2,070 Liabilities & Shareholders’ Equity Current Liabilities Accounts payable 242 220 Accrued expenses 180 160 Income tax payable 125 110 Dividends payable 60 65 Short-term debts 70 100 Non-Current Liabilities Bonds payable 100 100 Mortgage payable 200 150 Long-term loans 150 180 Shareholders’ Equity Share capital 600
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This note was uploaded on 01/31/2012 for the course ACCT acct taught by Professor A during the Three '11 term at University of New South Wales.

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2007%20S1%20MS%20Question - School of Accounting ACCT 1511:...

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