On the assumption that Ambel Co is an associate of Caddy Co, what would be the carrying amount of the investment in Ambel Co in the consolidated statement of financial position of Caddy Co as at 30 September 20X5?
A. $1,560,000
B. $1,395,000
C. $1,515,000
D. $1,690,000
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8 million What is Fowler's trade receivables collection period as at 30 September 20X5?The following information has been tanken or calculated from Fowler's financial statements for the year ended 30 September 20X5:
A. 106 days
B. 89 days
C. 56 days
D. 51 days
Which of the following correctly reflects what this change represents and how it should be applied?
A. t is a change of accounting policy and must be applied prospectively
B. t is a change of accounting policy and must be applied retrospectively
C. t is a change of accounting estimate and must be applied retrospectively
D. t is a change of accounting estimate and must be applied prospectively
How should the fair value movements in these investments be reported in Zinet Co's financial statements for the year ended 31 March 20X9?
A. n profit or loss for both investments
B. n other comprehensive income for both investments
C. n profit or loss for investment 1 and in other comprehensive income for investment 2
D. n other comprehensive income for investment 1 and in profit or loss for investment 2
The terms of the lease agreement were as follows: Lease rental $5,000 per month Cash back incentive received at the start of the lease $1,000 Useful life of the property Eight years What is the charge in the statement of profit or loss of Shiba Co for the year ended 31 December 20X7 in respect of this lease?
A. $2,375
B. $4,000
C. $4,750
D. $5,250