During the year, dividends of RS. 12, 00,000 were received on equity shares. Interest on all types of debt securities was received as and when due .At the end of the year ,the equity shares and 10% debentures are quoted at 175% and 90% respectively Find out the NAV per unit given that operating expense paid during the year amounted to Rs.5,00,000. Also find out the NAV if the mutual fund had distributed a dividend of Re. 0.80 during the year to the unit holders.
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- Q# 1. On 1st Jan, 2010, Green Products Ltd, Issued, Debentures/Bonds of Rs. 5,00,000 redeemable at par at the end of 6 years, and it was resolved that a Sinking Fund should be formed and invested in tax free securities. An annual installment of Rs. 75380.95 invested at the rate of 4% shall be equal to Rs. 5,00,000/- approximately at the end of 6 years. Assuming that the interest received on the investment was immediately invested and that the investment was realized at a Profit of Rs. 1000 at the end. You are required to give journal entries and draw up the necessary ledger accounts for 6 years.Horizons plc had the following bank loans outstanding during the whole of 2008 which form the company's general borrowings for the year 10% loan repayable 20x9 8% Joan repayable 2012 Select one O a £305,625 Ob. £500,000 Oc 1892,500 Od 1541,875 De ER50,000 Of £425,000 Em 25 75 Horizons plc began construction of a qualifying asset on 1 May 20X8 and withdrew funds of E4.5 million on that date to fund construction. On 1 September 2008 an additional £6 million was withdrawn for the same purpose Calculate the borrowing costs which can be capitalised in respect of this project for the year ended 31 December 20X8Ayayai Corporation, during the year ended October 31, 2024, had the following transactions for money - market instruments purchased to earn interest: Jan. 2 Purchased a 90-day, $34,800 treasury bill maturing on May 1 for $ 34,591. May 1 The treasury bill matured. Aug. 1 Invested $56, 600 in a money - market fund. Aug. 31 Received notification that $142 of interest had been earned and added to the fund. Sept. 30 Received notification that $142 of interest had been earned and added to the fund. Oct. 1 Purchased a 60-day, 2.00%, $26, 100 treasury bill for $25,970. Oct. 15 Cashechthe money - market fund and received $56,955. (a) Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)…
- Prepare the Statement of Financial Position as of 31 December 2019, for TT Resources Berhad. Account Payable Other Reserved Preferred Stock Mortgage Loan. RM 51,000 RM50,000 RM 46,200 RM 44,000 Common Stock Tax Payable Long-Term Financing Bank RM 41,000 RM 25,500 RM 66,000 RM 42,000 Additional Information: Investment Securities Equipment Retained Earnings Bond RM 5,000 RM 32,000 RM 90,000 RM 188,000 1. Land: RM 300,000 2. Inventories: RM40,000 3. Current Ratio: 1.5 Times 4. Cash & Banks = 35% of Currents Assets 5. Retained Earnings = 12% of Fixed Assets Accumulated Depreciation Cash RM30,000 Notes Payable Accrued Expenses RM 10,000 Prepayment RM 23,500 Account Receivable RM 18,800 RM 62,000 RM 35,000Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1, 2020 Sharapova Company common stock, $100 par, 200 shares $ 37,400 April 1 U.S. government bonds, 11%, due April 1, 2030, interest payableApril 1 and October 1, 110 bonds of $1,000 par each 110,000 July 1 McGrath Company 12% bonds, par $50,000, dated March 1, 2020,purchased at 104 plus accrued interest, interest payableannually on March 1, due March 1, 2040 54,000 Instructions (Round all computations to the nearest dollar.) a. Prepare entries necessary to classify the amounts into proper accounts, assuming that the debt securities are classified as available-for-sale. b. Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2020, using the straight-line method. c. The fair values of the investments on December 31, 2020, were: Sharapova…(Debt and Equity Investments) Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1, 2017 Sharapova Company common stock, $100 par, 200 shares : $ 37,400 April 1 U.S. government bonds, 11%, due April 1, 2027, interest payableApril 1 and October 1, 110 bonds of $1,000 par each : 110,000 July 1 McGrath Company 12% bonds, par $50,000, dated March 1, 2017,purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2037 : 54,000 Instructions(Round all computations to the nearest dollar.)(a) Prepare entries necessary to classify the amounts into proper accounts, assuming that the debt securities are classified as available-for-sale.(b) Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2017, using the straight-line method.(c) The fair values of the investments on December…
- The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…Q7- Khalid Corporation had the following transactions relating to debt investments: Jan. 1 Purchased 50, $1,000, 12% Naved Company bonds for $50,000 plus broker's fees of $1,500. Interest is payable semiannually on January 1 and July 1. July 1 Received semiannual interest from Naved Company bonds. July 1 Sold 30 Naved Company bonds for $30,000, less $800 broker's fees. Instructions (a). Journalize the transactions, and (b). prepare the adjusting entry for the accrual of interest on December 31.
- The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1, 2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securities that is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be held until their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costing P29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, and treasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bond retirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds…Subject :- ADVANCED FINANCIAL ACCOUNTING (FIN611) Question # 2:XYZ Limited has the following loans outstanding as at December 31, 2020. Calculate the Capitalization RateLoan – A @ 8% (taken at January 01, 2020) Rs. 600,000Loan – B @ 5% (taken at July 01, 2020) Rs.400,000Loan – C @ 9% (taken at September, 01 2020) Rs.300,000The company spent following amounts on construction of an asset.March 01, 2020. Rs. 500,000August 01, 2020. Rs. 400,000December 1, 2020 Rs. 400,000 Note:- Solve these question and please explain in detail in such a way that i will get full marks.The following investment account was taken from the general ledger of One Dream Investment Company: Debt Investments - Fulfilled Dream 6% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance January2, 2022 VR VR P1,812,300 P1,812,300 June 30, 2022 CRJ 60,000 1,752,300 Dec. 31, 2022 CRJ 60,000 1,692,300 Dec. 31, 2022 195,000 1,497,300 In the course of your examination, you obtained the following information: Interest checks were received on June 30 and December 31 and were credited to the investment account. One dream sold P200,000 of its investment on December 31, 2022 for P195,000. Effective interest rate on this investment, as computed by your audit staff, is 8%. (4% - semi annual) One Dream included this investment in a portfolio that is held to collect and for sale. The fair value at December 31, 2022 and 2023 is 97.5 and 105, respectively. How much is the gain or…