Financial Accounting Quiz

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Q1.
a. Public listed company
b. 1. The company name has Ltd in it which means limited liability
2. Due to the information this report give us, this company has more than 3000shareholders with 563 million shares. Private company cannot has so many capital.
3. This company is ASXlisted Company.
c. 1. Other assets and Pre- payments
2. Provisions and Employee benefits
d.
e. Consolidated financial report contains the following items: assets, liability, income equity, expenses and cash flow. It can give a great look of this whole company.
Q2.
a. Contributed equity: This Company currently has 562 million shares which raised in the public. It can be calculated by the numbers of shares and price per share.
Reserves: Share-based payments and foreign currency translation reserve. …show more content…
b. 2012: 30,600,000 2013: 120,889,000
c. Consolidated statement of changes in equity.
d. This statement shows operations of the company and what have changed in the equity in the past year (AccountingExplained, 2010). Here are 4 basic components of retained earnings: Beginning balance of retained earnings, Corrections for prior errors along with the related tax effect, Net income, Dividends by the owner.
Q3.
a.

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