Question: Que: 4 Faridoon LLC compiled the following information regarding its financial position, based on CCA method, as on 31-12-2017 average net borrowings for 2018 OMR

Que: 4 Faridoon LLC compiled the following information regarding its financial position, based on CCA method, as on 31-12-2017 average net borrowings for 2018 OMR 300,000. Average Net operation assets for 2018 OMR 750,000. Average shareholders' funds for 2018 OMR 450,000. The CCA adjustments computed for the year were as follows: (2 Marks) COSA OMR 30,000 MWCA OMR 60,000 Depreciation Adjustment OMR 80,000 OMR 170,000 You are required to ascertain the gearing adjustment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

AF 304 SEMESTER 2 - 2019 MAJOR ASSIGNMENT (15%) Due date: Friday 11th October 2019 @ 3.30pm with School of Accounting Secretary Audit Cases - A Practical Approach to Auditing 1.0 Introduction Audit...

Scenario You and your group work for a multi-national consulting firm. Your team is a group of capital budget consultants and are seeking new engagements. You intend on responding to a Request for...

Please read the attachment chapters and answer the following questions with at least 50 words. Depreciation discussion What are the various methods of determining depreciation and amortization...

Need help Please with the following.. Calculate the following ratios using Microsoft Excel : Current Ratio Quick Ratio Debt Equity Ratio Inventory Turnover Ratio Receivables Turnover Ratio Total...

Controller, Judy Koch, in a recent speech said, "I rarely see a real variable cost or a truly fixed cost." What did she mean? Include in your response an explanation of the difference in behavior of...

Please help me find details of Target's fiscal 2018 liabilities, calculate the time-earned interest rate, and compare to Kohl's corporation if possible. If not, thank you anyway! Financial Statement...

Hi, For the course Financial Statement Analysis, I had to do an analysis of General electric. One of the questions was to make reformulated balance sheet, cash flow statement, income statement and...

K (Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the...

I am having trouble with the 2015 and 2016 statements balancing on the FSAP. Could you take a look at it and tell what is wrong and correct it? Financial Statement Analysis Package (FSAP) A Comment...

Alfajar alalmmia campany Refer to the attached financial statements then compute the following: 1. ROCE = 2. Current Ratio: 3. Quick Ratio (Acid Test Ratio): 4. Operating Cash Flow To Current...

Ricardos Mexican Restaurants incurred salary expense of $65,000 for 2012. The payroll expense includes employer FICA tax of 7.65%, in addition to state unemployment tax of 5.4% and federal...

Muscat Corporation an $500,000, 12%, 15year mortgage note on December 31, 2020, to help finance a plant expansion program. The terms provide for semiannual installment payments, not including real...

A small triplex was purchased. At the time of the loan application the quoted interest rate was 6 . 5 % . At the time of closing the true interest rate, including finance charges came to 7 . 5 % ....

Industries that have _ _ _ _ _ tasks and operate in a _ _ _ _ _ environment demonstrated the greatest need for project management. Industries that have _ _ _ _ _ tasks and operate in a _ _ _ _ _...

=+5. Determine VALS language. If you're speaking to Makers, you should be talking about how simple it is to build this bookcase or to

=+3. Select a familiar tone of voice. Be sure your tone is correct for both the brand and the consumer. How conversational or casual is appropriate?

=+1. Catch their attention with a compelling headline. What could you say that would be intrusive?