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FIN621 Financial Statement Analysis

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FIN621 Financial Statement Analysis

FIN621 Financial Statement Analysis.Download/upload Video Lectures, Handouts, Helping Materials, Assignments Solution, Online Quizzes, GDB, Past Papers, Solved Papers and more….

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Comment by +*PŔĨŃČĔŚŚ*+ on May 7, 2013 at 5:36pm

nice group

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Comment by ¤¤*HADDIA HADI*¤¤ on February 13, 2013 at 4:06am

Comment by Yasmeen(S.admin) on February 11, 2013 at 2:22am

CLICK ON VIEW ALL TO SEE ALL DISCUSSIONS

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Comment by Moon_90 on December 20, 2012 at 2:44pm

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Comment by Yasmeen(S.admin) on November 7, 2012 at 7:17pm

a. How much revenue should Apex report on its Income Statement of 2011? Also give the reason.
Ans:
The income of the Apex consignment is 500,000. Apex consignment is a middle man who receives the commission from the seller by selling their items. In consignment, all expense born by the middle man is on behalf by the seller, which is why Apex consignment’s income for the year 2011 is 500,000. Whereas the question of cost of goods sold, it’s from the side of manufacturing concern and Apex consignment is not a manufacturing concern. So the report of income statement of the Apex consignment will be 500,000.

b. Do you agree with the statement of Apex about net income? Justify your answer.
Ans:
Yes, I agree about the Apex consignment’s income statement because Apex consignment is playing his role as a mediatory but not all control on the goods. Apex consignment will only receive the commission on their sold items. Apex consignment has no any type of expenses because in the Scenario there is not mentioned that the Apex consignment pays the expenses. According to the consignment rule, all expenses pay the seller of the goods but not the consignee. So the provider of the goods will pay the expenses to the Apex consignment because Apex consignment has paid total expenses himself. There is also not mentioned that the expenses which pays the Apex consignment is included in the commission, that is why I am agree of the income statement of the Apex consignment.

Comment by Yasmeen(S.admin) on September 27, 2012 at 8:32pm

dear member
past paper,past quizzes aur handouts add karny sy pehly view all p click kark dek lain ,aur past discussion main past chezain add karain
aur agr new assignment, quizzes aur gdb ka discussion add hai to dosra add na karain usi discussion k comment box main related material add karain,ta k students ko aik he discussion main sb kuch milay na k bar bar same another discussion open karni aray,

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