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  1. How to deal with revaluation surplus on disposal of partial asset?

    Nov 15, 2015 · surplus relating to the same asset. When a revalued asset is disposed of, any revaluation surplus may be transferred directly to retained earnings, or it may be left in equity under …

  2. Are retained earnings an asset? - Bayt.com Specialties

    While the amount of retained earnings is reported in the stockholders' equity section of the balance sheet (and in the accounting equation), the retained earnings are probably invested in assets that are …

  3. Revaluation Surplus on Asset First time How much amount is …

    1 الإجابات من قبل Muhammad Nouman Shafique Awan the whole revaluation amount is spread over the remaining useful life of the asset (same as the case of depreciation) and it is then transferred to …

  4. I buy a piece of equipment, walk me through the impact on the 3 ...

    Mar 16, 2014 · Over the life of the asset: depreciation reduces net income (income statement); PP&E goes down by depreciation, while retained earnings go down (balance sheet); and depreciation is …

  5. Balance of Profit and loss account is shown on the liability side.Can ...

    Nov 19, 2013 · A net loss or profit for the period/year is part of retained earnings (accummulated losses), shown under owners' equity in the balance sheet. Of course, owners' equity is equal to total assets …

  6. "Retained Earnings are Cost Free" --Do you agree to this statement?

    Dec 1, 2014 · Retained earning is considered as internal source of long-term financing and it is a part of shareholders equity.Generally, retained earning is considered as cost free source of financing. It is …

  7. What is the distinction between money market and capital market?

    Nature of Market Informal Formal Financial instruments Treasury Bills, Commercial Papers, Certificate of Deposit, Trade Credit etc. Shares, Debentures, Bonds, Retained Earnings, Asset Securitization, …

  8. According to IFRS what is COGS consists of in manufacturing firms?

    Sep 30, 2016 · Lower profits will also result in lower equity for the firm, which affects retained earnings in a negative way. In contrast, in a low inflationary period, the effects mentioned are reversed. …

  9. Start networking and exchanging professional insights

    Nov 25, 2014 · Accrued expense is a payable. Non recognition of such will result to understatement of payable and overstatement of working capital, hence my answer is A. Remember that working …

  10. What is the main difference between Residual income (Ri) and …

    Apr 4, 2017 · Usually Residual income is calculated in order to rank the divisions of the same organisation and usually is the basis for Divisional Manager's Bonus. Retained Earnings is the …