Segmented Information

Accounting Question 1. Acquisition of this profound equipment is an expend activity. summary: this smarting set is a building company, when it acquired this heavily equipment, it should be considered as a fixed addition. ascertain to IAS7 (16) investing activities embroil: hires to acquire, and profit from the sales event of, property, sic and equipment, intangible assets and opposite(a) long-term assets. Therefore, this transaction should be recognize and accounted for bullion stipendiary to acquire fixed assets, intangible assets and other long-term assets 2. Income taskes due on overpayment is an direct activity. Analysis: According to IAS7 (6) operating activities include: cash payments or refunds of income taxes that fast one not be specifically identified with funding or investing activities. In addition, the income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). It should be considered as operating activity, and be accepted and accounted for Payments of all types of taxes. 3. Development cost on consequent X34 be an operating activity. Analysis: Its a manufacturing company; the festering cost on product X34 live to its production costs and as a soma of deed costs.

In addition, tally to IAS7 (6) operating activities including: cash payments to suppliers for goods and serve. I theorize it should be considered as operating activity, and be recognise and accounted for Cash paid for goods and services. 4. Finance letting is a financing activity. Analysis: As we know, under IAS7 (17) financing activities including: payment by a lessee for the lessening of enceinte liability relating to a finance lease (i.e. the pileus element). Financing activities are those that result in changes in the size of it and composition of the contributed equity and borrowings of the entity. So, this finance lease can intensify companys asset and liability or overthrow companys outstanding liability. We can consider it as...If you fate to get a profuse essay, set out it on our website: Orderessay

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