Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi I need the solutions for these questions. It's urgent. Current Assets Cash Receivables Inventories Total Current Assets Non-current Assets Pro ert , lant&e ui
Hi
I need the solutions for these questions. It's urgent.
Current Assets Cash Receivables Inventories Total Current Assets Non-current Assets Pro ert , lant&e ui ment Receivables Total Non-current Assets Total Assets Current Liabilities Bank borrowin s Secured Trade Creditors Provisions Total Current Liabilities Non-Current Liabilities Bank borrowin s Secured Provisions Total Non-current Liabilities Total Liabilities Net Assets Shareholders' E ui Share Ca ital Accumulated Profits Total Shareholders' E Revenue Gross rofit O eratin ex enses Net Profit before tax Taxation Net Profit after tax Section 1 To be com leted b the 'Audit Assistant' of the Audit Team Subsidiary I Carpets International (USA) Limited (Case for Audit Assistant) You are a Graduate Audit Assistant involved in the audit of Carpets International (USA) Limited, a subsidiary company of Las Vegas Group Corporation (USA) Limited. The client has presented you with the followin draft Statement of Financial Position and Statement of Financial Performance as follows: 1. uit Statement of financial Unaudited II months 30/11/X2 $'000 58 4579 3624 8261 28763 2000 30763 39024 5000 2500 8143 22000 547 22547 30690 8334 5000 3334 8334 erformance 20007 6702 3486 3216 1254 1962 1372 3334 Accumulated rofits at the be innin of the ear Accumulated rofits at the end of the eriodv The following additional information is provided: Audited 12 months 31/12/X1 S'000 73 3928 2047 6048 29417 2000 31417 37465 7500 2473 610 10583 20000 510 20510 31093 6372 5000 1372 6372 19943 4515 3047 1468 572 896 476 1372 2. The company is a subsidiary of Las Vegas Group Corporation (USA) Limited which is listed on the New York Stock Exchange. Your firm provides a clearance report to your firm's Las Vegas Office as well as an audit report on the statutory accounts of the American subsidiary. 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started