othy Doupnik | Hector Perera Quantity Cost PerNRV Per Unit (S) On HandUnit (S) Sofas Dining Tables Beds Closets Lounge Chairs 200 300 400 500 1,000 500 1,500 750 250 1,020 450 1,600 770 200 You completed your first assignment and turned it in to Rick. Next, Rick asks you to prepare a Cash Flow Statement for Pinnacle,under the Direct Method Rick explains to you, that for the purposes of the cash flow statement,under the direct method,you are required to compute the cash collections from customers, payments to suppliers, and cash paid for operating expenses. He provides you with the following baseline information. Net credit sales Accounts receivable, end of the year Accounts receivable, beginning of the year Purchases (on account) Trade payable, end of the year Trade payable, beginning of the year Operating expenses Accrued expenses, beginning of the year Accrued expenses, end of the year Depreciation on property, plant, and equipment $5,000,000 1,500,000 2,500,000 4,000,000 1,900,000 2,000,000 3,000,000 500,000 400,000 600,000 You have completed the Cash Flow Statement. Pleased with your work so far, Rick asks you to work on an assignment for John Chazmar, relating to a different Cougar subsidiary, Reilly Equipment Capital. Reilly has two business segments that are reported separately in its financial statements The segments are "Machinery" and "Investment and Insurance." In its management accounts, the company reports four different divisional results. The four divisions are machinery leasing machinery sales, investments, and insurance. The results of the segments and the divisions follow: Revenue Revenue Segment results Segment External Sm Internal Sm (profit/loss) 5m Assets 5m Liabilities Sm Segment Machinery: Leasing Sales $180 5 20 S 32 $194 5 50 FS Disclosure Amt. 290 35 28 218 72 Investment and insurance: investment Insurance 120 60 80 470 130 80 192 116 308 526 65 95 (53) FS Disclosure Amt. Total 173 232 has asked you for a technical analsis on how Reily should report its segment information, under IAS 14) as of its year-end of December 31, 2018. Several weeks have gone by and you have worked on a variety of assignments. Rick calls you on the hone and asks you to come into to his office. He tells you that Cougar subsidiary Extravagant Linens is installing a new plant at its production facility. He would like you to prepare an analysis on the costs that can be capitalized in accordance with IAS 16 Extravagant Linens has incurred the following costs $2,500,000 200,000 600,000 700,000 200,000 300,000 400,000 1. Cost of the plant (cost per supplier's invoice plus taxes) IAS I 1 -(50 2. Initial delivery and handling costs 3. Cost of site preparation 4. Consultants used for advice on the acquisition of the plant 5. Interest charges paid to supplier of plant for deferred credit 6. Estimated dismantling costs to be incurred after 7 years 7. Operating losses before commercial production After 3 months of service with Cougar Global Industries, Inc. you will receive your probationary performance evaluation. In this process, the company will be very focused on your knowledge of IFRS on how well you have been able to apply it to the Company's business dealings. Your work product for the aforementioned assignments will determine if the Company sees you as a good fit and will retain you as a permanent employee, or will terminate you at the conclusion of your probationary period. Where will you come out in this scenario