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Nirma University, Ahmedabad Questions & Answers
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- MAP Ltd acquired a Machine from FAT Ltd for the following consideration: o Cash $65 000, o Land in the books of MAP Ltd the land is recorded at its cost of
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- An item of depreciable machinery is acquired on 1st July, 2016 for $270 000. It is expected to have a useful life of 10 years and a zero-residual value
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- BDX company issues $ 15 million of five-year, 6.5 per cent, semi-annual coupon debentures to public which pay interest each six months. The market also
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- Fred Ltd acquired an item of equipment and enters into a non-cancellable lease agreement with Melbourne Equipment Ltd on the 1st January, 2015. The lease
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- You are provided with the following information from the accounts of KPM Ltd for the year ending 30th June, 2019, as shown in the table below: Required: a)
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- On 5th June, 2018 Sydney Ltd acquires goods on credit from a supplier in London. The goods are shipped FOB London on 5th June, 2018. The cost of the goods is
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- What are the three elements of the definition for liabilities? List from the following items that are classified as liabilities and explain why, or why not,
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- Club York is located in the center of Sydney. In a major refurbishment, it purchased a new sound system and a new lighting system on 1 March 2019. The sound
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