Exam (elaborations)
FAC3703 EXAM PACK NOVEMBER 2020 MEMO
- Course
- Institution
- Book
Detailed calculation with notes
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Crack 2023-2024 Exams with [IFRS Primer International GAAP Basics, Canadian Edition,Wiecek] Comprehensive Guide
-
FAC3703 EXAM Pack November 2020 Memo
Seller
Follow
Ian09
Reviews received
Content preview
OCTOBER –NOVEMBER
2020
, SOLUTION 1: FINANCIAL INSTRUMENTS,
EMPLOYEE BENEFITS & BORROWING COSTS
PART A
(a) Notes to the financial statements of Bapalang Ltd for the year ended 30 June
2020
1. Profit before tax
Profit before tax includes the following items:
R
Income
9 1 228 338
Finance income (𝑖) (1 637 785 ∗ )
12
Finance
Finance cost 203 125
Total interest expense (𝑖𝑖) 562 500
Interest capitalised (𝑖𝑖) (359 375)
Depreciation (𝑖𝑖𝑖) 157 734
Employee Benefits 20 801 238
Short – term employee benefits (𝑖𝑣) 18 750 318
Defined contribution plan (17 091 000 ∗ 12%) 2 050 920
Operating lease payments (𝑣) (38 283 ∗ 6) 229 698
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ian09. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.66. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now