Thanks to those who share papers:
Total quizs=32
MCQs =28
1 Question = 2 numbers
2 Questions =3 numbers
1 Questions = 5 numbers
Question:
Calculate the cash flow from operations, (5 Marks)
Calculate Depreciation using Straight line Method if Cost =100000, Residual Value is= 10000,Estimated Life = 5 years, (3 Marks)
Calculate Depreciation using Declining Balance method till 2003 from 1999. if Cost =100000, Residual Value is= 10000,Estimated Life = 5 years is purchased on march 29, 1999. (3 Marks)
Another Paper:
question#1 (3)
A company acquired land by issueing 500,000 of capital stock.what will the transaction be disclosed in the company statenment of cash flows,if yes in which section.
question#2 (3)
A accountant of the large corporation said the company computes depreciation(i 4get not sure question)
question#3(5)
Patterson Company reported net income for the current year of Rs. 666,000. During the year the company's accounts receivable increased by Rs. 50,000, inventory decreased by Rs. 23,000, accounts payable decreased by Rs. 55,000, pre-paid expenses increased by Rs. 35,000, and accrued expenses payable increased by Rs. 14,000. Determine the amount of cash provided by or used for operating activities by the indirect method.
question#4
On 15, 2001, ABC Company sold 1,000 printers to another company. Immediately prior to this sale, the perpetual inventory records of the company for the printers included the following cost layers.
Purchase date
Quantity
Unit Cost
Total Cost
Dec. 12, 2000
600
Rs. 9.25
Rs. 5,550
Jan. 9, 2001
900
Rs. 9.50
8,550
Total on hand
1,500
Rs. 14,100
Instructions:
Prepare a separate general entry to record the cost of printers, assuming that the company uses the following methods.
Answer:
a. FIFO
(2.5)
DR
CR
Another Paper:
total 32 questions
28 MCQs
2 questions of 3, 3 marks
2 questions of 5, 5 marks
almost 99% MCQs from past papers...
28 MCQs
2 questions of 3, 3 marks
2 questions of 5, 5 marks
almost 99% MCQs from past papers...
Another Paper:
total quiez=32
mcq =28
2 question =3 numbers
2 question = 5 number
Q suppose we have two stocks i.e. stock A and stock B.stock A has beta of 1.5 and stock B has a beta of 0.75.The expected rate of return on average stock is 13% and the risk free rate of return is 7%.By how much does the required rate on the riskier stock exceeds the required return on the less risky stock. (5)
Q Why weighted average cost of capital of a levered firm is lesser than that of an Un-levered firm? Explain briefly? (3)
mcq =28
2 question =3 numbers
2 question = 5 number
Q suppose we have two stocks i.e. stock A and stock B.stock A has beta of 1.5 and stock B has a beta of 0.75.The expected rate of return on average stock is 13% and the risk free rate of return is 7%.By how much does the required rate on the riskier stock exceeds the required return on the less risky stock. (5)
Q Why weighted average cost of capital of a levered firm is lesser than that of an Un-levered firm? Explain briefly? (3)
Another Paper:
1.Which one of the cash flow and income statement is best tool for measuring the profitability of a sound business? Marks 3
2.If the company issues stocks or bonds to pay debts, would u include it in the cash flow statement? Marks 3
3.Calculate the cash flow from operating activities from the given data..( data has forgotton) marks 5
4.Haris is trading In cranes. He has one crane which original cost is rs.60000, the accumulated depreciation is rs.48000, He purchase a new crane which cost is Rs. 75000 and he was given a trade allowance of rs.15000.
a) how much cash Haris will pay? Marks 2
b) what would be the gain or loss if the first crane is disposed off? Marks.3
2.If the company issues stocks or bonds to pay debts, would u include it in the cash flow statement? Marks 3
3.Calculate the cash flow from operating activities from the given data..( data has forgotton) marks 5
4.Haris is trading In cranes. He has one crane which original cost is rs.60000, the accumulated depreciation is rs.48000, He purchase a new crane which cost is Rs. 75000 and he was given a trade allowance of rs.15000.
a) how much cash Haris will pay? Marks 2
b) what would be the gain or loss if the first crane is disposed off? Marks.3
Another Paper:
( Marks: 5 )
Olympic Inc., had the following cash flows during the current year:
Cash received from customers Rs. 240,000
Interest and dividend received 50,000
Proceeds from the sale of the plant assets 330,000
Cash paid to suppliers and employees 127,000
Cash paid for the purchase of investments 45,000
Cash paid for the purchase of treasury stock 36,000
( Marks: 5 )
Nestle Pakistan has two conflicting objectives. Management wants to report the highest possible earnings to stockholders in the near future yet also wants to minimize the taxable income. Indicate the depreciation method that the company will probably use in its financial statements and its federal income tax return. Explain your answer with the reasons.
Olympic Inc., had the following cash flows during the current year:
Cash received from customers Rs. 240,000
Interest and dividend received 50,000
Proceeds from the sale of the plant assets 330,000
Cash paid to suppliers and employees 127,000
Cash paid for the purchase of investments 45,000
Cash paid for the purchase of treasury stock 36,000
( Marks: 5 )
Nestle Pakistan has two conflicting objectives. Management wants to report the highest possible earnings to stockholders in the near future yet also wants to minimize the taxable income. Indicate the depreciation method that the company will probably use in its financial statements and its federal income tax return. Explain your answer with the reasons.
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