FINANCIAL ACCOUNTING 4
Question 1
Distinguish between preference share and premium share
Question 2
Discuss about Initial Public Offering (IPO)
Question 3
The shares are issued at a prek98k of 45 sen. The company would have received RM45,600,000 of which RM25,400,000 is for the nominal value. Calculate the share premium.
Question 4
Discuss about Merger Relief based on Company Act 1965
Question 5
What is bonus shares
Question 6
What is share premium
Question 7
List down the advantages and disavantages of IPO's
Question 8
Discuss IPO's procedures
COSTING
The purchase and issues of raw material by the Sun Glow Water Trading for the five month period were as follows:
1 Jul 2011 Received / Penerimaan 3,000 units at $10 per units
9 Jul Received / Penerimaan 850 units at $11 per units
18 Jul Issued / Pengeluaran 1,500 units
4 Aug Received / Penerimaan 1,000 units at $12 per units
20 Aug Received / Penerimaan 450 units at $13 per unit
11 Sept Issued / Pengeluaran 1240 units
15 Oct Issued / Pengeluaran 2,500 units
8 Nov Received / Penerimaan 950 units at $11.50
29 Nov Issued / Pengeluaran 743 units
There was no opening stock of raw material. You are required to prepare the store ledger account according to the following :
You are required to prepared :
a) First in, first out (FIFO) method.
b) Last in, first out (LIFO) method.
c) Average cost method.
QUESTION 2
Superior Manufacturing Company has the following cost and expense data for the year ending December 31, 2011.
You are required :
a) Prepare a cost of goods manufacturer for Superior Company for 2011.
b) Prepare an income statement Superior Company for 2011.
