List 6 (SIX) qualitative characteristics of having IFRS
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- Answer the following: 16. Gross Profit ratio17. Operating Ratio18. Rate of return on AssetsThe following accounts appear in the ledger of Sheridan Ltd. after the books are closed at December 31 ( \ in thousands). Share Capital - Ordinary, no par, ¥1 stated value, 400, 000 shares authorized; , ¥345,000 345, 000 shares issued Ordinary Share Dividends Distributable Prepare the equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of ¥100, 000. (Enter account name only and do not provide descriptive information.) SHERIDAN LTD. Statement of Financial Position (Partial)HOW MUCH IS TEH NET INCOME a. 53, 925b. 63, 975c. 48, 925d. 58, 925
- BE18.1 (LO 1) K Match each of the following terms with the most appropriate description. Terms Description 1. Intracompany a. An analysis tool that expresses relationships among selected items of financial statement data 2. Intercompany 3. Horizontal analysis 4. Vertical analysis 5. Ratio analysis b. An analysis tool that evaluates data by expressing an item in a financial statement as a percentage of a total or base amount within the same financial statement c. Comparisons made between companies d. An analysis tool that evaluates data by calculating and comparing the percentage increase or decrease of an item in a financial statement over multiple periods of time e. Comparisons made within a company E18.1 (LO 2) AP Video Comparative data from the balance sheet of Dhaliwal Inc. are shown below. 2022 Instructions Current assets 2024 $120,000 2023 $ 80,000 $100,000 Non-current assets 400,000 350,000 300,000 Current liabilities 90,000 70,000 65,000 Non-current liabilities 145,000 125,000…What is the company's current ratio?A. 2.07B. 1.38C. 1.41 D. 1.79If the difference between current assets and current liabilities is 88.7, bill payable 166.5, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: O a. All the given choices are not correct Ob. 206.50 Oc. 118.70 Od. 285.20 O e. 295.20
- Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the liquidity metric days’ sales in receivables and profiability metric return on sales.Discuss the different part of SAGE 50 Peachtree A.payables B.receivable C.inventory D.payrollThe formula for current ratio is Select one: a. Current Assets plus current liablities b. Current assets less current liablities c. Current assets divided by current liablities d. Current assets divided by current liablities x 100
- ME12Accounts with normal credit balances include: a) Assets and liabilitiesb) Revenues and expensesc) Liabilities and revenuesd) Revenues and assets23 Net income may be based on estimates. true or FalseRequirement : 2 Calculate the following from the additional information given G Gross profit H Net profit
