The summarised balance sheet of Wiley-Fox Ltd at 30 November 208 is given. On 1 December 208

Question:

The summarised balance sheet of Wiley-Fox Ltd at 30 November 20*8 is given.

On 1 December 20*8 Wiley-Fox Ltd issued a further 100,000 ordinary shares at 40 pence per share. On the same date the company revalued the non-current assets at £200,000.

Required

Prepare a summarised balance sheet at 1 December 20*8 after the revaluation of noncurrent assets and the share issue.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

See More Books

Question Posted: Aug 23, 2023 04:12 AM

See More Questions

What do you think is the significant challenge of Government Agencies in recording or recognizing REVENUES AND OTHER RECEIPTS? Could you expound on your answer and give a sample scenario?
Alex is 17 weeks pregnant. She comes into the clinic to get a alpha-fetoprotein test. A low result could indicate all of the following except
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...
Calculate the pre-merger earnings per share for Admiral and Favorite and the pre-merger price-to-earnings (P/E) ratio for each company (based on the stated prices per share). Calculate the exchange...
Upper World Corporation sells tractor trailers on the installment plan. On October 1, 2014, Upper World entered into an installment-sale contract with Lower Sky Inc. for a 5-year period. Equal annual...
Explain a financial ratio and then identify the following ratios, indicating what they are supposed to test. How would you evaluate each, given its specific numbers? After you complete that...
A horizontal escalator connecting airport terminals is $1 \mathrm{~km}$ long. Two kids start from opposite ends and run toward each other at $3 \mathrm{~m} / \mathrm{s}$ and meet \(600...
Preston Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Prestons customer-service department has practical capacity to wrap 5,000 gifts at a...
Question 2 Abantu Ltd, a textile manufacturing company in Bungoma, recently introduced a compensation programme for its employees. As a human resource specialist, explain what prompted the firm to...
The following trial balance has been extracted from the books of Stephanie Hood Ltd on 30 April 20*8. Additional information The directors recommend: A transfer to general reserve 50,000 A final...
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...
Octavio, traveling at a speed of 0.60c, passes Tracy and her barn. Tracy, who is at rest with respect to her barn, says that the barn is 16 m long in the direction in which Octavio is traveling, 4.5...
The sprung parts of a vehicle weigh 9.79 KN, its center of gravity is 106.7 cm behind the front axle, and the wheelbase is 228.6 cm. The combined stiffness of the springs of the front suspension is...
Consider a small open economy (e.g. the Netherlands) producing two goods, clothing and food. The clothing industry uses capital (K) and labor (LC) as inputs, while the food industry uses land (La)...
There are a few points that I hope to bring into the light for you concerning psychotherapeutic drugs. In some cases, these drugs are necessary as the individual is suffering severely. In most cases,...
Question it is the bankruptcy question ASKED: how much money is left for unsecured debt. Also, list the debt that is unsecured one by one Peter was the child of German immigrants, and at one time had...
Consider the recurrence that naturally arises in some divide-and-conquer algorithms: T(1)= 1, T(n) = 4T(n/2) + n for n > 1 [a] Explain what the initial condition and the various parts of this...
Air bags are activated when a severe impact causes a steel ball to compress a spring and electrically ignite a detonator cap. This action causes sodium azide (NaN 3 ) to decompose explosively...
A non-charmed baryon has strangeness S = 2 and electric charge Q = 0. What are the possible values of its isospin I and of its third component I z ? What is it usually called if I = 1/2?
Is it possible for some items held as opening inventory to be held as closing inventory?
Identify two types of goods that a furniture manufacturer would include as closing inventory.
In the first year of trading purchases cost $100000, closing inventory valued at cost amounted to $20000. What is the cost of sales?
Let U={1,2,3,...,10}, A={1,3,5,7}, B={1,2,3,4}, and C={3,4,6,7,9}. Find BC'
In the arrangement shown in the figure below, an object of mass m = 4.00 kg hangs from a cord around a light pulley. The length of the cord between point P and the pulley is L = 2.00 m. (Ignore the...
Construct and group the following data into classes. Calculate the frequency by classes, relative frequencies and cumulative frequencies. A. Calculate the size of each class (use 6 classes) a....

The summarised balance sheet of Wiley-Fox Ltd at 30 November 20*8 is given. On 1 December 20*8

Question:

Non-current assets at cost Less aggregate depreciation Current assets Current liabilities Trade payables Bank overdraft Shareholders' equity Ordinary shares of 25 pence Retained earnings £ 10,000 2,000 £ 16,000 12,000 £ 150,000 35,000 115,000 4,000 119,000 80,000 39,000 119,000

Step by Step Answer:

To prepare a summarized balance sheet at 1 December 208 after the revaluation of noncurrent assets a...View the full answer

Introducing Accounting For AS

Students also viewed these Business questions

The summarised balance sheet of Wiley-Fox Ltd at 30 November 208 is given. On 1 December 208