FAC3703

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Examen

FAC3703 Assignment 1 ( VERIFIED ANSWERS) Semester 2 2024 - DUE 7 September 2024
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septiembre 2024

2024/2025

A+
FAC3703 Assignment 1 ( VERIFIED ANSWERS) Semester 2 2024 - DUE 7 September 2024 • A(n) _____ bond joins these two oxygen atoms. - Answer-double covalent /.A(n) _____ refers to two or more atoms held together by covalent bonds. - Answer-molecule /.An atom has six electrons in its valence shell. How many single covalent bonds would you expect it to form in most circumstances? - Answer-two /.An ionic bond involves _____. - Answer-an attraction between ions of opposite charge /....
kartelodoc
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Examen

Exam Papers Bundle 2015-2022 FAC3703
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81

junio 2023

2022/2023

A+
QUESTION 1 (39 Marks)(70.2 Minutes) MotorVee Ltd is a large entity that manufactures cars and is a dealer in the motor vehicle industry. The vehicles manufactured by MotorVee Ltd are sold to the public as well as corporate clients, they produce consumer luxury vehicles as well as commercial vehicles. The company has a 30 June year-end. Due to the COVID-19 pandemic, the sales volume of motor vehicles sold by MotorVee Ltd had declined, however, an increased number of motor vehicles were leas...
LearnWithLeo
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Examen

FAC3703 exam Pack 2023 LATEST QUESTIONS AND ANSWERS
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109

junio 2023

2022/2023

A+
a) Calculate employee benefits W1. Salary: (275 000 x 9 months [Apr – Dec]) 2 475 000 (275 000 x 3 months [Jan – Mar] x 100/110) 750 000 Bonus paid: 275 000 Bonus obligation OB: (275 000 x 1/12) (22 917) Bonus obligation CB: (275 000 x 1,1 x 1/12) 25 208 Leave obligation OB: (52 145) Leave obligation CB: (24 – 6 – 8) = 10 days x 60% = 6 days 62 857 .’. 6 days x 275 000 x 12x 80% 252 days Shortterm employee benefits 3 513 003 W2. (2 475 000 + 750 000) (W1) x 7,5% = 241 875 ...
LearnWithLeo
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Examen

FAC3703 EXAM PACK
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enero 2023

2022/2023

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c) i) Discussion re recognition of government grant A government grant is initially recognised when the amount is received or receivable – which was received on 1 April 2016, and when it is reasonably assured that the conditions attached will be met, i.e., that the entity will not retrench any staff under 35 years of age. The subsequent recognition of a government grant depends on the type of grant and the accounting policy of the entity. This government grant is an income-based grant as...
COOLD
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Examen

FAC3703 ASSIGNMENT 2 - SEMESTER 1 OF 2018
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abril 2022

2021/2022
1. Profit before tax Profit before tax is shown after taking the following into account: 2017 R Income Finance Income (calculation 4) 79 966 Expenses Finance cost (300 000 ∗ 2 ∗ 9%) 54 000 2. Net Investment in finance leases 2.1. Reconciliation of net investment in finance leases: 2017 R Opening balance New leases entered into Repayments of Capital (128 048 + 133 166) Effect of lease modification 1 129 727 - (261 214) - Closing Balance 868 513
boomamor2
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Examen

FAC3703 Assignment 1 Semester 1 2022
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abril 2022

2021/2022

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PROFIT BEFORE TAX Profit before tax includes the following items: Income Interest Income Expenses [C1 & C2] 85 406 Interest Expenses [C3 & C4] 107 164 Depreciation: Right-of-Use assets [C5 to C10] 290 536 LEASES Right-of-Use Assets Carrying amount at beginning of year (1 924 436 – 380 887) [C9] Equipment 1 543 549 Total 1 543 549 Depreciation for the year [C10] -290 536 -290 536 Adjustments for lease remeasurement [C8] -161 407 -161 407 1 091 606 1 091 606 Maturity analysis ...
boomamor2
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Examen

FAC3703 ASSIGNMENT 1 – SEMESTER 1 OF 2022 Update Complete Solution
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4

abril 2022

2021/2022
1. Profit before tax Profit before tax is stated after taking the following items into account R Incomes Finance Income 85 406 Expenses Finance Cost 107 164 Depreciation: Right of use asset 300 536 2. Leases 2.1. Right of use asset Carrying amount at beginning of year [
boomamor2
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Examen

FAC3703 Exam, questions and answersEXAM PREPARATION
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17

junio 2021

2020/2021

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1 Leases and related parties 50 90 2 Employee benefits and borrowing costs 24 43 3 Financial instruments 26 47 TOTAL 100 180 Downloaded by Jayden Mbugguz () exam preparation 2 QUESTION 1 (50 marks)(90 minutes)Dance Ltd is an international dance company based in Johannesburg. The company has a 31 December financial year-end. During the financial year that ended 31 December 2018, Dance Ltd secured a contract to teach various dancing styles to school children who attend school within the ...
NURSMontero
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Examen

FAC3703/201/1/2019 Tutorial Letter 2019/2021 Specific Financial Reporting FAC3703 Semester 1
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9

junio 2021

2020/2021

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Debentures (see comment at calculation [C4] ) [C4] - Concentration of interest rate risk on financial liabilities measured at amortised cost The company has no exposure to interest rate changes with regard to the finance lease liability at reporting date as the interest rate is fixed for the lease term. The company has no exposure to interest rate changes with regard to the debentures at reporting date as the interest rate is fixed. Concentration of liquidity risk on financial liabilities ...
NURSMontero
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