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题目
After preparing a draft statement of profit or loss (before interest and tax) for the year ended 31 March 20X6 (before any adjustments which may be required by notes (i) to (iv) below), the summarised trial balance of Triage Co as at 31 March 20X6 is:
The following notes are relevant:
(i) Triage Co issued 400,000 $100 6% convertible loan notes on 1 April 20X5. Interest is payable annually in arrears on 31 March each year. The loans can be converted to equity shares on the basis of 20 shares for each $100 loan note on 31 March 20X8 or redeemed at par for cash on the same date. An equivalent loan without the conversion rights would have required an interest rate of 8%.
The present value of $1 receivable at the end of each year, based on discount rates of 6% and 8%, are:
(ii) Non-current assets:
The directors decided to revalue the leased property at $66·3m on 1 October 20X5. Triage Co does not make an annual transfer from the revaluation surplus to retained earnings to reflect the realisation of the revaluation gain; however, the revaluation will give rise to a deferred tax liability at the company’s tax rate of 20%.
The leased property is depreciated on a straight-line basis and plant and equipment at 15% per annum using the reducing balance method.
No depreciation has yet been charged on any non-current assets for the year ended 31 March 20X6.
(iii) In September 20X5, the directors of Triage Co discovered a fraud. In total, $700,000 which had been included as receivables in the above trial balance had been stolen by an employee. $450,000 of this related to the year ended 31 March 20X5, the rest to the current year. The directors are hopeful that 50% of the losses can be recovered from the company’s insurers.
(iv) A provision of $2·7m is required for current income tax on the profit of the year to 31 March 20X6. The balance on current tax in the trial balance is the under/over provision of tax for the previous year. In addition to the temporary differences relating to the information in note (ii), at 31 March 20X6, the carrying amounts of Triage Co’s net assets are $12m more than their tax base.
Required:
(a) Prepare a schedule of adjustments required to the draft profit before interest and tax (in the above trial balance) to give the profit or loss of Triage Co for the year ended 31 March 20X6 as a result of the information in notes (i) to (iv) above.
(b) Prepare the statement of financial position of Triage Co as at 31 March 20X6.
(c) The issue of convertible loan notes can potentially dilute the basic earnings per share (EPS). Calculate the diluted earnings per share for Triage Co for the year ended 31 March 20X6 (there is no need to calculate the basic EPS).
Note: A statement of changes in equity and the notes to the statement of financial position are not required.
The following mark allocation is provided as guidance for this question:
(a) 5 marks
(b) 12 marks
(c) 3 marks
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26.What is implied if a trial balance does not agree？
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第6题
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A.two years
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A.four
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D.All of the above
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A.Because it has a major effect on the economy.
B.Because it brings international prestige to the country.
C.Because the host cities are permanently improved.
D.All of the above.
第7题
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第11题
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"This is obviously a bittersweet time for our family," Justin Torres, the woman's brother-in-law, said in a statement.
Susan Torres, a cancer-stricken, 26-year-old researcher at the National Institutes of Health, suffered a stroke in May after the melanoma (黑瘤) spread to her brain.
Her family decided to keep her alive to give her foetus (胎儿) a chance. It became a race between the foetus' development and the cancer that was destroying the woman's body.
Doctors said that Torres' health was getting worse and that the risk of harm to the foetus finally outweighed the benefits of extending the pregnancy.
Torres gave birth to a daughter by Caesarean section (剖腹产手术) on Tuesday at Virginia Hospital Center. The baby was two months premature and weighed about a kilogram. She was in the newborn intensive care unit.
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Doctors removed Torres from life support early Wednesday with the consent of her husband, Jason Torres, after she received the final sacrament (圣礼) of the Roman Catholic Church.
"We thank all of those who prayed and provided support for Susan, the baby and our family," Jason Torres said in a statement. "We especially thank God for giving us little Susan. My wife's courage will never be forgotten."
English-language medical literature contains at least 11 cases since 1979 of irreversibly brain-damaged women whose lives were prolonged for the benefit of the developing foetus, according to the University of Connecticut Health Center.
Dr Christopher McManus, who coordinated care for Susan Torres, put the infant's chances of developing cancer at less than 25 per cent. He said 19 women who have had the same aggressive form. of melanoma as Torres have given birth, and five of their babies became iii with the disease.
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