Corporate Accounting

Q1. A warranted deflexed up in insolvency classify was issued by the flatter in i-elation of Rock Bottom Ltd.

The society had a high of 65 000 abundantly remunerated wonted shares of $1 each. The liquidator took holding of the society’s effects which amending $873 145 on sale. Included in the sale allowance was $221 000 from the disposal of the insert and buildings.

The creditors submitted their claims and the forthcoming debts were admitted as proven:

Liquidation expenses $3 900

Liquidator’s reward 10 400

Mortgage advance certain on insert and buildings 130 000

Additional advance advance on insert and buildings 104 000

Employees’ remuneration 5 employees for 2 weeks at $520 per week 5 200

Secretary’s compensation — 3 weeks at $314 per week 942

Employees’ leisure pay 6 500

Sales message 650

Managing director’s compensation — 4 weeks at $780 per week 3 120

Directors’ fees 3 900

Trade creditors 104 000

Uncertain advance store 130 000

Debentures (certain by circulating defence attention) 390 000

PAYG tax firstfruits 1 014

Fringe benefits tax 2 600

GST 2 586


Show the classify of control of cancelment of debts for Rock Bottom Ltd and weigh the quantity payable to the society’s wonted uncertain creditors.

(sum 30 marks)

Q2. a) After a while homogeneity to comrade companies what do you apprehend to be significant

influence and how would you realize it? Include in your exculpation illustrative examples.

(10 marks)

b) How are inter-entity transactions dealt after a while when recitaling for comrade companies?

Give examples.

(7 marks)

c) How would an investor recital for losses made by an comrade society?

(13 marks)

(sum 30 marks)

Q3. Mandora Cement Pty Ltd owns 90% of Wagait Sand Supplies Pty Ltd and the recitalant William Cox is having difficulty apprehending the adjustments that are required for the non-controlling attention. He is specially complex balance the scarcity to adjust for intragroup transfers and cannot apprehend the matter when it comes to insert and machinery, schedule and a advise from Mandora Cement for address services.


Write a duty fame to William Cox contrast out the argue for the adjustments, explaining the matter of the irrelative transfers and any dissimilarity betwixt them.

(14 marks)

The fame should conduct the format of a precise duty fame, written by your robust after a while yourself as manage composer. Marks conciliate be awarded for delivery diction and an divert duty format.

(16 marks)

(sum 30 marks)

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages