The summarised balance sheet of Graf Ltd at 29 February 20*8 is given. The non-current assets were
Question:
The summarised balance sheet of Graf Ltd at 29 February 20*8 is given.
The non-current assets were revalued at £200,000 on 1 March 20*8.
Required
Prepare the balance sheet of Graf Ltd at 1 March 20*8 after the non-current assets were revalued.
Transcribed Image Text:
Non-current assets at cost Current assets Bank Current liabilities Shareholders' equity Ordinary shares of 1 penny each Retained earnings £ 12,000 2,000 14,000 9,000 £ 75,000 5,000 80,000 60,000 20,000 80,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Balance Sheet of Graf Ltd Assets Noncurrent assets 200000 Curren...View the full answer
Answered By
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The summarised balance sheet of Smith-Patel Ltd at 31 March 20*8 is given. On 1 April 20*8 Smith-Patel Ltd issued a further 200,000 1 ordinary shares at 1.50. On the same date the company revalued...
-
The following list of balances was extracted from the records of Wonderland Ltd for the year ended 28 February 20.19: Rand (cr) / dr Ordinary share capital (1 400 000) Proceeds of 450 000 new no par...
-
The summarised balance sheet of Ousby Ltd at 31 October 20*8 is given. The non-current assets were revalued at 400,000 on 1 November 20*8. Required Prepare the balance sheet of Ousby Ltd at 1...
-
An investor creates an investment portfolio from stock A and stock B where she invests 0.5 of her wealth in stock A and 0.5 of her wealth in stock B. Stock A has a beta of 1.39 and stock B has a beta...
-
On July 1, 2014, Welton Inc. entered into a cost-plus-fixed-fee contract to construct a prototype robotic assembly line for New Car Corporation. At the contract date, Welton estimated that it would...
-
You commute 20 miles each day in your own car, and the estimated operational cost per mile is $0.15. If you used the mass-transit system, the same trip would cost you $2. Should you leave your car at...
-
Explain the difference between an emissions trading scheme and a carbon tax. What are some of the benefits and limitations of each?
-
1. What are the two meanings of corporate ethics in organizations today? What does each definition imply for IT practices? How does the economic environment affect this? 2. How does IT provide more...
-
19.A radioactive -emission. A detector records n -particles in 2s and by next 2s (accumulatively) it records 1.1 n -particle. Number of -particles recorded by detector after a long time, is (1) 11n...
-
Douglas Ltd supplies the following information after the first year of trading: Additional information The directors wish to transfer 50,000 to general reserve and recommend a final dividend of...
-
The summarised balance sheet of D Lilly Ltd at 31 March 20*8 is shown. On 1 April 20*8 D Lilly Ltd issued a further 400,000 ordinary shares at 80 pence per share. Immediately after the share issue...
-
There were 2430 Major League Baseball (MLB) games played in 2009, and the home team won in 54.9% of the games. If we consider the games played in 2009 as a sample of all MLB games, find and interpret...
-
ME - myUFV Apple Disney Yahoo! SUPPLY AND DEMAND ACTIVITY SELLING PRICE $1.00 $2.00 $4.00 Zimbra: Inbox NUMBER SUPPLIED PER WEEK 35 130 320 NUMBER REQUESTED PER WEEK 530 400 140 1. Use the data to...
-
Run a multiple regression with the dependent variable of quantity demanded of heating oil and the independent variables of price and income. According to your regression results, which of the...
-
2 Labor Demand in a Competitive Market (10 points.) Consider a firm that maximizes profits using two inputs, capital K and labor L, subject to a rental price r = $30 and wage rate w = $20. It sells...
-
On January 2, 2020, Meintosh Ltd. sold five year. 4% bands with a face value of $ 500,000 interest will be paid semi-annually on June 30 and December 31. The pond were sold for $ 478,121 to yield 5%....
-
The following are selected current month's balances for Morgan, Inc. Accounts Payable $10,000 Revenue 9,000 Cash 8,450 Expenses 1,300 Furniture 10,000 Accounts Receivable 13,000 Common Stock 9,250...
-
A sample of methane (CH 4 ) gas contains a small amount of helium. Calculate the volume percentage of helium if the density of the sample is 0.70902 g/ L at 0.0 o C and 1.000 atm.
-
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
-
Sales + Number of shares = Earnings per share. True/False?
-
'The main role of a director is the application of the management function of accounting; while the main role of auditors is stewardship'. How true is this statement?
-
Define the term 'direct costs'.
-
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
-
(5) A small maintenance project consists of the following jobs whose precedence relationships are given below: Job 1-2 1-3 2-3 2-5 3-4 Immediate Predecessor 15 15 3 5 8 8 Activity 3-6 4-5 4-6 5-6 6-7...
-
Let X be a binomial random variable with the probability distribution f(x) shown below. Find the probability distribution of the random variable Y=x. f(x)= Bere 3-x x=0,1,2,3 elsewhere Complete the...
Study smarter with the SolutionInn App