ifrs ch01 tb

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Copyright © 2011 John Wiley & Sons, Inc. Weygandt, IFRS, 1/e, Solutions Manual (For Instructor Use Only)

CHAPTER 1

Accounting in Action

ASSIGNMENT CLASSIFICATION TABLE

Study Objectives Questions

Brief

Exercises Do It! Exercises

A

Problems

B

Proble

1. Explain what

accounting is.

1, 2, 5 1, 2, 4 1

2. Identify the users and

uses of accounting.

3, 4 1 2

3. Understand why ethics

is a fundamental businessconcept.

3

4. Explain accounting

standards and the

measurement principles.

6, 7 1 4

5. Explain the monetary

unit assumption and

the economic entity

assumption.

8, 9, 10, 11 4

6. State the accounting

equation, and define

its components.

12, 13, 14 1, 2, 3,

4, 5

2 5, 6,

7, 11

1A, 2A,

4A

1B, 2B

4B

7. Analyze the effects of

business transactions on

the accounting equation.

15, 16,

17, 19

6, 7, 8, 9 3 6, 7, 8, 11 1A, 2A,

4A, 5A

1B, 2B

4B, 5B

8. Understand the four

financial statements

and how they are

prepared.

18, 20, 21

22, 23

10, 11 4 9, 10, 12,

13, 14, 15,

16, 17

2A, 3A,

4A, 5A

2B, 3B

4B, 5B

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-2 Copyright © 2011 John Wiley & Sons, Inc. Weygandt, IFRS, 1/e, Solutions Manual (For Instructor Use Only)

ASSIGNMENT CHARACTERISTICS TABLE

Problem

Number Description

Difficulty

Level

Time Allotted

(min.)

1A Analyze transactions and compute net income. Moderate 40–50

2A Analyze transactions and prepare income statement,

retained earnings statement, and statement of financialposition.

Moderate 50–60

3A Prepare income statement, retained earnings statement,and statement of financial position.

Moderate 50–60

4A Analyze transactions and prepare financial statements. Moderate 40–50

5A Determine financial statement amounts and prepare

retained earnings statement.

Moderate 40–50

1B Analyze transactions and compute net income. Moderate 40–50

2B Analyze transactions and prepare income statement,retained earnings statement, and statement of financial

position.

Moderate 50–60

3B Prepare income statement, retained earnings statement,and statement of financial position.

Moderate 50–60

4B Analyze transactions and prepare financial statements. Moderate 40–50

5B Determine financial statement amounts and prepare

retained earnings statement.

Moderate 40–50


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WEYGANDT IFRS 1ECHAPTER 1

ACCOUNTING IN ACTION

Number SO BT Difficulty Time (min.)

BE1 6 AP Simple 2–4


BE3 6 AP Moderate 4–6

BE4 6 AP Moderate 4–6

BE5 6 C Simple 2–4







DI1 1, 2, 4 K Simple 2–4

DI2 6 K Simple 2–4

DI3 7 AP Simple 6–8

DI4 8 AP Moderate 8–10

EX1 1 C Moderate 5–7

EX2 2 C Simple 6–8

EX3 3 C Moderate 6–8

EX4 4, 5 C Moderate 6–8

EX5 6 C Simple 4–6

EX6 6, 7 C Simple 6–8

EX7 6, 7 C Simple 4–6

EX8 7 AP Moderate 12–15

EX9 8 AP Simple 12–15


EX11 6, 7 AP Moderate 6–8


EX13 8 AN Simple 8–10






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ACCOUNTING IN ACTION (Continued)

Number SO BT Difficulty Time (min.)

P1A 6, 7 AP Moderate 40–50

P2A 6–8 AP Moderate 50–60

P3A 8 AP Moderate 50–60P4A 6–8 AP Moderate 40–50

P5A 7, 8 AP Moderate 40–50

P1B 6, 7 AP Moderate 40–50

P2B 6–8 AP Moderate 50–60

P3B 8 AP Moderate 50–60

P4B 6–8 AP Moderate 40–50

P5B 7, 8 AP Moderate 40–50

BYP1 8 AN Simple 10–15BYP2 8 AN, E Simple 10–15

BYP3 9 C, AN Simple 15–20

BYP4 8 E Moderate 15–20

BYP5 8 E Simple 12–15

BYP6 3 E Simple 10–12


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BLOOM’S TAXONOMY TABLE

Copyright © 2011 John Wiley & Sons, Inc. Weygandt, IFRS , 1/e, Solutions Manual (For Instructor Use Only)

C o r r e l a t i o n C h a r t b e t w e e n B l o o m ’ s T a x o

n o m y , S t u d y O b j e c t i v e s a n d E n d

- o f - C h a p t e r E x e r c i s e s a n d P r o b l e m s

S t u d y O b j e c t i v e

K n o w l e d g e

C o m p r e h e n s i o n

A p p l i c a t i o n

A n a l y s i s

S y n t h e s i s

E

v a l u a t i o n

1 .

E x p l a i n w h a t a c c

o u n t i n g i s .

D I 1 - 1

Q 1 - 1

Q 1 - 2

Q 1 - 5

E 1 - 1

2 .

I d e n t i f y t h e u s e r s a n d u s e s o f

a c c o u n t i n g .

D I 1 - 1

Q 1 - 3

Q 1 - 4

E 1 - 2

3 .

U n d e r s t a n d w h y

e t h i c s i s a

f u n d a m e n t a l b u s

i n e s s c o n c e p t .

E 1 - 3

4 .

E x p l a i n a c c o u n t i n g s t a n d a r d s

a n d t h e m e a s u r e

m e n t

p r i n c i p l e s .

Q 1 - 7

D I 1 - 1

Q 1 - 6

E 1 - 4

5 .

E x p l a i n t h e m o n e t a r y u n i t

a s s u m p t i o n a n d

t h e e c o n o m i c

e n t i t y a s s u m p t i o

n .

Q 1 - 8

Q 1 - 9

Q 1 - 1 0

Q 1 - 1 1

E 1 - 4

6 .

S t a t e t h e a c c o u n

t i n g e q u a t i o n ,

a n d d e f i n e i t s c o m p o n e n t s .

Q 1 - 1 1

Q 1 - 1 2

Q 1 - 1 3

D I 1 - 2

B E 1 - 5

Q 1 - 1 4

E 1 - 5

E 1 - 6

E 1 - 7

B E 1 - 1

B E 1 - 2

B E 1 - 3

B E 1 - 4

E 1 - 1 1

P 1 - 1 A

P 1 - 2 A

P 1 - 4 A

P 1 - 1 B

P 1 - 2 B

P 1 - 4 B

7 .

A n a l y z e t h e e f f e c

t s o f b u s i n e s s

t r a n s a c t i o n s o n t h e a c c o u n t i n g

e q u a t i o n .

Q 1 - 1 5

Q 1 - 1 6

Q 1 - 1 7

Q 1 - 1 9

B E 1 - 6

B E 1 - 7

B E 1 - 8

B E 1 - 9

E 1 - 6

E 1 - 7

D I 1 - 3

E 1 - 8

E 1 - 1 1

P 1 - 1 A

P 1 - 2 A

P 1 - 4 A

P 1 - 5 A

P 1 - 1 B

P 1 - 2 B

P 1 - 4 B

P 1 - 5 B

8 .

U n d e r s t a n d t h e f

o u r f i n a n c i a l

s t a t e m e n t s a n d h

o w t h e y a r e

p r e p a r e d .

Q 1 - 1 8

Q 1 - 2 0

B E 1 - 1 1

Q 1 - 2 1

Q 1 - 2 2

Q 1 - 2 3

B E 1 - 1 0

D I 1 - 4

E 1 - 9

E 1 - 1 0

E 1 - 1 2

E 1 - 1 4

E 1 - 1 5

E 1 - 1 6

E 1 - 1 7

P 1 - 2 A

P 1 - 3 A

P 1 - 4 A

P 1 - 5 A

P 1 - 2 B

P 1 - 3 B

P 1 - 4 B

P 1 - 5 B

E 1 - 1 3

B r o a d e n i n g Y o u r P e r s p e c t i v e

E x p l o r i n g t h e W e b

F i n a n c i a l R e p o r t i n g

C o m p a r a t i v e A n a l y s i s

C o m p a r a t i v e A n a l y s i s

D e c i s i o n M a k i n g A c r o s s

t h e O r

g a n i z a t i o n

C o m m u

n i c a t i o n A c t i v i t y


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ANSWERS TO QUESTIONS

1. Yes, this is correct. Virtually every organization and person in our society uses accountinginformation. Businesses, investors, creditors, government agencies, and not-for-profit organizationsmust use accounting information to operate effectively.

2. Accounting is the process of identifying, recording, and communicating the economic events of

an organization to interested users of the information. The first step of the accounting process istherefore to identify economic events that are relevant to a particular business. Once identifiedand measured, the events are recorded to provide a history of the financial activities of theorganization. Recording consists of keeping a chronological diary of these measured events in anorderly and systematic manner. The information is communicated through the preparation anddistribution of accounting reports, the most common of which are called financial statements.A vital element in the communication process is the accountant’s ability and responsibility toanalyze and interpret the reported information.

3. (a) Internal users are those who plan, organize, and run the business and therefore are officersand other decision makers.

(b) To assist management, accounting provides internal reports. Examples include financial

comparisons of operating alternatives, projections of income from new sales campaigns,and forecasts of cash needs for the next year.

4. (a) Investors (owners) use accounting information to make decisions to buy, hold, or sell shares.(b) Creditors use accounting information to evaluate the risks of granting credit or lending money.

5. Bookkeeping usually involves only the recording of economic events and therefore is just one partof the entire accounting process. Accounting, on the other hand, involves the entire process ofidentifying, recording, and communicating economic events.

6. Karen Sommers Travel Agency should report the land at $90,000 on its December 31, 2011

statement of financial position. An important concept that accountants follow is the cost principle.The cost principle states that assets should be recorded at their cost. Cost has an importantadvantage over other valuations: it is reliable. Cost can be objectively measured and can beverified.

7. Fair value is defined as the price received to sell an asset or settle a liability.

8. The monetary unit assumption requires that only transaction data capable of being expressed interms of money be included in the accounting records. This assumption enables accounting toquantify (measure) economic events.

9. The economic entity assumption requires that the activities of the entity be kept separate and

distinct from the activities of its owners and all other economic entities.

0. The three basic forms of business organizations are: (1) proprietorship, (2) partnership, and(3) corporation.


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Questions Chapter 1 (Continued)

11. One of the advantages Maria Gonzalez would enjoy is that ownership of a corporation is resented by transferable shares. This would allow Maria to raise money easily by selling a of her ownership in the company. Another advantage is that because holders of the sha(shareholders’) enjoy limited liability, they are not personally liable for the debts of the corpoentity. Also, because ownership can be transferred without dissolving the corporation, the corporaenjoys an unlimited life.

12. The basic accounting equation is Assets = Liabilities + Equity.

13. (a) Assets are resources owned by a business. Liabilities are claims against assets. Put msimply, liabilities are existing debts and obligations. Equity is the ownership claim on total asse

(b) Equity is affected by shareholders’ investments, dividends, revenues, and expenses.

14. The liabilities are: (b) Accounts payable and (g) Salaries payable.

15. Yes, a business can enter into a transaction in which only the left side of the accounting equais affected. An example would be a transaction where an increase in one asset is offsea decrease in another asset. An increase in the Equipment account which is offset by a decrein the Cash account is a specific example.

16. Business transactions are the economic events of the enterprise recorded by accountabecause they affect the basic equation.

(a) No, the death of the president of the company is not a business transaction as it doesaffect the basic equation.

(b) Yes, supplies purchased on account is a business transaction as it affects the basic equatio(c) No, an employee being fired is not a business transaction as it does not affect the b

equation.

17. (a) Decrease assets and decrease equity.(b) Increase assets and decrease assets.(c) Increase assets and increase equity.(d) Decrease assets and decrease liabilities.

18. (a) Income statement. (d) Statement of financial position.(b) Statement of financial (e) Statement of financial position and retained

position. earnings statement.(c) Income statement. (f) Statement of financial position.

19. No, this treatment is not proper. While the transaction does involve a receipt of cash, it doesrepresent revenues. Revenues are the gross increase in equity resulting from business activentered into for the purpose of earning income. This transaction is simply an additional investmmade by one of the owners of the business.

20. Yes. Net income does appear on the income statement—it is the result of subtracting expenfrom revenues. In addition, net income appears in the retained earnings statement—it is shas an addition to the beginning-of-period retained earnings. Indirectly, the net income of a companalso included in the statement of financial position. It is included in the Retained Earnings accwhich appears in the equity section of the statement of financial position.


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Questions Chapter 1 (Continued)

21. (a) Ending equity balance ...................................................................................................... $198,000Beginning equity balance................................................................................................. 168,000Net income.......................................................................................................................... $ 30,000

(b) Ending equity balance ...................................................................................................... $198,000Beginning equity balance................................................................................................. 168,000

30,000Deduct: Investment .......................................................................................................... 13,000Net income.......................................................................................................................... $ 17,000

22. (a) Total revenues (£20,000 + £70,000) ............................................................................. £90,000

(b) Total expenses (£26,000 + £40,000)............................................................................. £66,000

(c) Total revenues ................................................................................................................... £90,000Total expenses................................................................................................................... 66,000Net income.......................................................................................................................... £24,000

23. Nestlé’s accounting equation (in millions of Swiss Francs) at December 31, 2008 was CHF106,215 =CHF51,299 + CHF54,916.


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SOLUTIONS TO BRIEF EXERCISES

BRIEF EXERCISE 1-1

(a) ¥90,000 – ¥50,000 = ¥40,000 (Equity).(b) ¥40,000 + ¥70,000 = ¥110,000 (Assets).(c) ¥94,000 – ¥60,000 = ¥34,000 (Liabilities).

BRIEF EXERCISE 1-2

(a) $120,000 + $232,000 = $352,000 (Total assets).(b) $190,000 – $80,000 = $110,000 (Total liabilities).(c) $800,000 – 0.5($800,000) = $400,000 (Equity).

BRIEF EXERCISE 1-3

(a) ( €800,000 + €150,000) – ( €500,000 – €80,000) = €530,000 (Equity).

(b) ( €500,000 + €100,000) + ( €800,000 – €500,000 – €70,000) = €830,000 (Assets).

(c) ( €800,000 – €80,000) – ( €800,000 – €500,000 + €120,000) = €300,000 (Liabilities).

BRIEF EXERCISE 1-4

Equity

Retained Earnings

Assets = Liabilities +

Share

Capital + Revenues – Expenses – Dividen

(a) X = £ 90,000 + £150,000 + £450,000 – £320,000 – £40,00

X = £ 90,000 + £240,000

X = £330,000

(b) $57,000 = X + $25,000 + $50,000 – $35,000 – $7,000$57,000 = X + $33,000

X = $24,000 ($57,000 – $33,000)

(c) €600,000 = ( €600,000 X 2/3) + X (Equity)

€600,000 = €400,000 + X

X = €200,000


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BRIEF EXERCISE 1-5

A (a) Accounts receivable A (d) Office suppliesL (b) Salaries payable E (e) Share capital—ordinaryA (c) Equipment L (f) Notes payable

BRIEF EXERCISE 1-6

Assets Liabilities Equity

a) + + NEb) + NE +c) – NE –

BRIEF EXERCISE 1-7

Assets Liabilities Equity

a) + NE +b) – NE –c) NE NE NE

BRIEF EXERCISE 1-8

E (a) Advertising expense D (e) DividendsR (b) Commission revenue R (f) Rent revenueE (c) Insurance expense E (g) Utilities expenseE (d) Salaries expense

BRIEF EXERCISE 1-9

R (a) Received cash for services performedNE (b) Paid cash to purchase equipmentE (c) Paid employee salaries


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BRIEF EXERCISE 1-10

LOPEZ COMPANYStatement of Financial Position

December 31, 2011

Assets

Accounts receivable.................................................................................. $ 72,50Cash................................................................................................................ 49,00

Total assets ......................................................................................... $121,50

Equity and LiabilitiesEquity

Share capital—ordinary................................................................... $ 31,50Liabilities

Accounts payable.............................................................................. 90,00Total equity and liabilities...................................................... $121,50

BRIEF EXERCISE 1-11

FP (a) Notes payable IS (b) Advertising expense FP (c) Share capital—ordinary FP (d) Cash IS (e) Service revenue

RE (f) Dividends

SOLUTIONS FOR DO IT! REVIEW EXERCISES

DO IT! 1-1

1. False. The three steps in the accounting process are identificatirecording, and communication.

2. True.3. True.4. False. The primary accounting standard-setting body in the Uni

States is the Financial Accounting Standards Board (FASB).5. True.


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DO IT! 1-2

1) Dividends is dividends (D); it decreases equity.2) Rent Revenue is a revenue (R); it increases equity.3) Advertising Expense is an expense (E); it decreases equity.4) When shareholders pay cash into the business, they receive capital

shares (I); it increases equity.

DO IT! 1-3

Assets = Liabilities + Equity

Retained Earnings

Cash +

Accounts

Receivable =

Accounts

Payable +

Share

Capital + Revenues – Expenses – Dividends

1) +R20,000 +R20,000

2) +R20,000 –R20,0003) +R2,000 –R2,000

4) –R 5,000 –R5,000

DO IT! 1-4

a) The total assets are R$49,500, comprised of Cash R$7,000, AccountsReceivable R$13,500, and Equipment R$29,000.

b) Net income is R$21,000, computed as follows:

RevenuesService revenue.................................................. R$54,000

ExpensesSalaries expense................................................ R$16,500Rent expense....................................................... 10,500Advertising expense ......................................... 6,000

Total expenses .......................................... 33,000Net income .................................................................... R$21,000


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DO IT! 1-4 (Continued)

(c) The ending equity balance of Santos Company is R$21,500. By rewritthe accounting equation, we can compute R$ Equity as Assets minLiabilities, as follows:

Total assets [as computed in (a)]............................ R$49,50

Less: LiabilitiesNotes payable .................................................. R$25,000Accounts payable ........................................... 3,000 28,00

Equity................................................................................ R$21,50

Note that it is not possible to determine the company’s equity in any othway, because the beginning balance for equity is not provided.


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SOLUTIONS TO EXERCISES

EXERCISE 1-1

C Analyzing and interpreting information.R Classifying economic events.C Explaining uses, meaning, and limitations of data.R Keeping a systematic chronological diary of events.R Measuring events in dollars and cents.C Preparing accounting reports.C Reporting information in a standard format.I Selecting economic activities relevant to the company.R Summarizing economic events.

EXERCISE 1-2

a) Internal users Marketing managerProduction supervisorStore managerVice-president of finance

External users CustomersTaxing authorityLabor unionsSecurities regulatorSuppliers

b) I Can we afford to give our employees a pay raise? E Did the company earn a satisfactory income? I Do we need to borrow in the near future? E How does the company’s profitability compare to other companies?

I What does it cost us to manufacture each unit produced? I Which product should we emphasize? E Will the company be able to pay its short-term debts?


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EXERCISE 1-3

Larry Smith, president of Smith Company, instructed Ron Rivera, the headthe accounting department, to report the company’s land in their accountreports at his assumed market value of $170,000 instead of its cost $100,000, in an effort to make the company appear to be a better investmeAlthough we have an accounting system that permits various measurem

approaches, cost should be used whenever there are questions regarding reliability of a market value. In this case, valuation of land is too subjectand therefore the cost principle should be used.

The stakeholders include shareholders and creditors of Smith Compapotential shareholders and creditors, other users of Smith’s accountreports, Larry Smith, and Ron Rivera. All users of Smith’s accounting repocould be harmed by relying on information which violates accountprinciples. Larry Smith could benefit if the company is able to attract mo

investors, but would be harmed if the fraudulent reporting is discoverSimilarly, Ron Rivera could benefit by pleasing his boss, but would harmed if the fraudulent reporting is discovered.

Ron’s alternatives are to report the land at $100,000 or to report it$170,000. Reporting the land at $170,000 is not appropriate since it womislead many people who rely on Smith’s accounting reports to make finacial decisions. Ron should report the land at its cost of $100,000. He shotry to convince Larry Smith that this is the appropriate course of action, bbe prepared to resign his position if Smith insists.

EXERCISE 1-4

1. Correct. IFRS allows companies to revalue property, plant and equipmto fair value. However, most companies choose not to instead, duereliability concern about valuation, and negative effects on net incommost companies report property, plant and equipment at cost.

2. Correct. The monetary unit assumption requires that companies inclu

in the accounting records only transaction data that can be expressin terms of money.

3. Incorrect. The economic entity assumption requires that the activitiesthe entity be kept separate and distinct from the activities of its ownand all other economic entities.


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EXERCISE 1-5

Asset Liability Equity

Cash Accounts payable Share capital—ordinaryCleaning equipment Notes payableCleaning supplies Salaries payableAccounts receivable

EXERCISE 1-6

. Increase in assets and increase in equity.2. Decrease in assets and decrease in equity.3. Increase in assets and increase in liabilities.4. Increase in assets and increase in equity.5. Decrease in assets and decrease in equity.

6. Increase in assets and decrease in assets.7. Increase in liabilities and decrease in equity.8. Increase in assets and decrease in assets.9. Increase in assets and increase in equity.

EXERCISE 1-7

. (c) 5. (d)2. (d) 6. (b)

3. (a) 7. (e)4. (b) 8. (f)

EXERCISE 1-8

a) 1. Shareholders invested $15,000 cash in the business.2. Purchased office equipment for $5,000, paying $2,000 in cash and

the balance of $3,000 on account.

3. Paid $750 cash for supplies.4. Earned $8,300 in revenue, receiving $4,600 cash and $3,700 onaccount.

5. Paid $1,500 cash on accounts payable.


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EXERCISE 1-8 (Continued)

6. Paid $2,000 cash dividends to shareholders.7. Paid $650 cash for rent.8. Collected $450 cash from customers on account.9. Paid salaries of $4,900.

10. Incurred $500 of utilities expense on account.

(b) Investment ............................................................................................. $15,00Service revenue ................................................................................... 8,30Dividends ............................................................................................... (2,00Rent expense ........................................................................................ (65Salaries expense.................................................................................. (4,90Utilities expense................................................................................... (50Increase in equity ................................................................................ $15,25

(c) Service revenue ................................................................................... $ 8,30Rent expense ........................................................................................ (65Salaries expense.................................................................................. (4,90Utilities expense................................................................................... (50Net income............................................................................................. $ 2,25

EXERCISE 1-9

S. MOSES & CO.Income Statement

For the Month Ended August 31, 2011

RevenuesService revenue ................................................................... $8,30

ExpensesSalaries expense.................................................................. $4,900Rent expense ........................................................................ 650

Utilities expense................................................................... 500Total expenses ............................................................ 6,05Net income...................................................................................... $2,25


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S. MOSES & CO.Retained Earnings Statement

For the Month Ended August 31, 2011

Retained earnings, August 1................................................... $ 0

Add: Net income....................................................................... 2,2502,250

Less: Dividends ......................................................................... 2,000Retained earnings, August 31................................... $ 250

S. MOSES & CO.Statement of Financial Position

August 31, 2011

AssetsOffice equipment......................................................................... $ 5,000Supplies ......................................................................................... 750Accounts receivable .................................................................. 3,250Cash ................................................................................................ 8,250

Total assets.......................................................................... $17,250


Share capital—ordinary ................................................... $15,000Retained earnings.............................................................. 250 $15,250Liabilities

Accounts payable.............................................................. 2,000Total equity and liabilities........................................ $17,250

EXERCISE 1-10

a) Equity—12/31/10 (TL400,000 – TL250,000)................................ TL150,000Equity—1/1/10 ..................................................................................... 100,000Increase in Equity .............................................................................. 50,000Add: Dividends ................................................................................. 15,000Net income for 2010 .......................................................................... TL 65,000


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(b) Equity—12/31/11 (TL460,000 – TL300,000)......................... TL160,00Equity—1/1/11—see (a)............................................................. 150,00Increase in equity ....................................................................... 10,00Less: Additional investment.................................................. 50,00Net loss for 2011......................................................................... TL 40,00

(c) Equity—12/31/12 (TL590,000 – TL400,000)........................ TL190,00Equity—1/1/12—see (b) ........................................................... 160,00Increase in equity ...................................................................... 30,00Less: Additional investment................................................. 15,00

15,00Add: Dividends ........................................................................ 30,00Net income for 2012.................................................................. TL 45,00

EXERCISE 1-11

(a) Total assets (beginning of year)............................................ £ 95,00Total liabilities (beginning of year) ....................................... 85,00Total equity (beginning of year)............................................. £ 10,00

(b) Total equity (end of year)......................................................... £ 40,00Total equity (beginning of year)............................................. 10,00

Increase in equity....................................................................... £ 30,00

Total revenues............................................................................. £215,00Total expenses ............................................................................ 175,00Net income.................................................................................... £ 40,00

Increase in equity ........................................... £ 30,00Less: Net income........................................... £40,000Add: Dividends ............................................. 24,000 (16,00

Additional investment................................... £ 14,00

(c) Total assets (beginning of year)............................................ £129,00Total equity (beginning of year)............................................. 80,00Total liabilities (beginning of year) ....................................... £ 49,00


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d) Total equity (end of year) ............................................................ £130,000Total equity (beginning of year)................................................ 80,000Increase in equity........................................................................... £ 50,000

Total revenues ................................................................................ £100,000

Total expenses................................................................................ 55,000Net income ....................................................................................... £ 45,000

Increase in equity................................................. £ 50,000Less: Net income................................................ £45,000

Additional investment ........................... 25,000 (70,000)Dividends................................................................ £ 20,000

EXERCISE 1-12

LINDA STANLEY CO.Income Statement

For the Year Ended December 31, 2011

RevenuesService revenue.............................................................. $62,500

ExpensesSalaries expense............................................................ $30,000

Rent expense................................................................... 10,400Utilities expense............................................................. 3,100Advertising expense..................................................... 1,800

Total expenses....................................................... 45,300Net income................................................................................ $17,200

LINDA STANLEY CO.Retained Earnings Statement


Retained earnings, January 1 ................................................................... $48,000Add: Net income ......................................................................................... 17,200

65,200Less: Dividends............................................................................................ 6,000Retained earnings, December 31............................................................. $59,200


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EXERCISE 1-13

MENDEZ COMPANYStatement of Financial Position

December 31, 2011

Assets

Equipment..................................................................................... €46,00Supplies......................................................................................... 8,00Accounts receivable.................................................................. 8,50Cash................................................................................................ 15,00

Total assets ......................................................................... €77,50


Share capital—ordinary................................................... €50,000Retained earnings ( €17,500 – €10,000) ....................... 7,500 €57,50

LiabilitiesAccounts payable.............................................................. 20,00

Total equity and liabilities...................................... €77,50

EXERCISE 1-14

(a) Camping fee revenues..................................................................... $140,00

General store revenues ................................................................... 50,00Total revenue ............................................................................. 190,00Expenses.............................................................................................. 150,00Net income........................................................................................... $ 40,00

(b) DEER PARKStatement of Financial Position

December 31, 2011

AssetsEquipment............................................................................................ $105,50Supplies................................................................................................ 2,50Cash ....................................................................................................... 23,00

Total assets ................................................................................ $131,00


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DEER PARKStatement of Financial Position (Continued)

December 31, 2011

Equity and Liabilities

EquityShare capital—ordinary ......................................... $20,000Retained earnings.................................................... 40,000

Total equity........................................................ $ 60,000Liabilities

Notes payable............................................................ 60,000Accounts payable .................................................... 11,000

Total liabilities.................................................. 71,000Total equity and liabilities ................................................ $131,000

EXERCISE 1-15

SILVA CRUISE COMPANYIncome Statement


RevenuesTicket revenue............................................................ R$325,000

ExpensesSalaries expense....................................................... R$142,000Maintenance expense.............................................. 95,000Property tax expense............................................... 10,000Advertising expense ................................................ 3,500

Total expenses.................................................. 250,500Net income ........................................................................... R$ 74,500


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EXERCISE 1-16

KEVIN AND JOHNSON, ATTORNEYS AT LAWRetained Earnings Statement


Retained earnings, January 1.......................................................... $ 23,00

Add: Net income................................................................................ 139,00 162,00

Less: Dividends .................................................................................. 79,00Retained earnings, December 31................................................... $ 83,00

*Legal service revenue ...................................................................... $350,00Total expenses ................................................................................... 211,00Net income........................................................................................... $139,00

EXERCISE 1-17

BORNEO COMPANYStatement of Cash Flows


Cash flows from operating activitiesCash receipts from revenues ............................... Rp600,00Cash payments for expenses............................... (410,00Net cash provided by operating activities 190,00

Cash flows from investing activitiesPurchase of equipment .......................................... (100,00

Cash flows from financing activities ..........................Sale of shares ............................................................ Rp350,000Payment of cash dividends................................... (20,000) 330,00

Net increase in cash......................................................... 420,00Cash at the beginning of the period............................ 30,00Cash at the end of the period........................................ Rp450,00


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-24 Copyright © 2011 John Wiley & Sons, Inc. Weygandt, IFRS , 1/e, Solutions Manual (For Instructor Use Only)

( a )

B A R O

N E ’ S R E P A I R L T D .

E q u i t y

R e t a i n e d E a r n i n g s

C a s h

+

A c c o u n t s

R

e c e i v a b l e + S u p p l i e s + E q u i p m e

n t =

A c c o u n t s

P a y a b l e

+

S h a r e

C a p i t a l

+ R

e v e n u e s

– E x p e n s e s – D i v i d e n d s

1 .

2 .

3 .

4 .

5 .

6 .

7 .

8 .

9 .

1 0 .

1 1 .

+ £ 1 0 , 0 0 0

+

1 0 , 0 0 0

+

– 5 , 0 0 0

+

5 , 0 0 0

+

– 4 0 0

+

4 , 6 0 0

+

– 5 0 0

+

4 , 1 0 0

+ 0 0 0 , 0 0 0

+

4 , 1 0 0

–

+ 5 , 1 0 0

+

9 , 2 0 0

– 1 , 0 0 0

+

8 , 2 0 0

+

– 2 , 0 0 0

+

6 , 2 0 0

+

– 1 4 0

+

6 , 0 6 0

+ 0 0 0 , 0 0 0

+

6 , 0 6 0

–

+ 1 2 0

+ £

6 , 1 8 0

+ +

+ £ 7 5 0

+

7 5 0

+ – 1 2 0

+ £ 6 3 0

+ + + + + + + +

+ £ 5 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ 0 0 0 0

+

5 0 0

+ £ 5 0 0

+ + + + + + + + + +

+ £ 5 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ 0 0 , 0 0 0

+

5 , 0 0 0

+ £ 5 , 0 0 0

= = = = = = = = = = =

+ £ 2 5 0

+

2 5 0

+ 0 0 0 0

+

2 5 0

+ 0 0 0 0

+

2 5 0

+ 0 0 0 0

+

2 5 0

+ 0 0 0 0

+ 0 2 5 0

+ 0 0 0 0

+ 0 2 5 0

+ £ 2 5 0

+ + + + + + + + + +

+ £ 1 0 , 0 0 0

0 0 1 0 , 0 0 0

+ 0 0 0 ,

0 0 1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0 0

0 0 0 1 0 , 0 0 0 0

0 0 0 1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

£ 1 0 , 0 0 0

+ + + + + + + + + + +

+ £ 5 , 1 0 0

5 , 1 0 0

5 , 1 0 0

5 , 1 0 0

5 , 1 0 0

+ 7 5 0

5 , 8 5 0

£ 5 , 8 5 0

–

– £ 4 0 0

– 4 0 0

– 4 0 0

– 2 5 0

– 6 5 0

– 6 5 0

– 6 5 0

– 2 , 0 0 0

– 2 , 6 5 0

– 1 4 0

– 2 , 7 9 0

– 2 , 7 9 0

£ 2 , 7 9 0

–

– £ 1 , 0 0 0

– 1 , 0 0 0

– 1 , 0 0 0

– 1 , 0 0 0

– 1 , 0 0 0

£ 1 , 0 0 0

( a )

( b )

( c )

( d )

( e )

( f )

( g )

( h )

£ 1 2 , 3 1 0

£ 1 2 , 3 1 0

PROBLEM 1-1A

SOLUTIONS TO PROBLEMS


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PROBLEM 1-1A (Continued)

Key to Retained Earnings Column(b) Rent expense(c) Advertising expense(d) Service revenue(e) Dividends

(f) Salaries expense(g) Utilities expense(h) Service revenue

(b) Service revenue (£5,100 + £750)................................. £5,85Expenses

Salaries ...................................................................... £2,000Rent ............................................................................. 400Advertising ............................................................... 250

Utilities ....................................................................... 140 2,79Net income....................................................... £3,06


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PROBLEM 1-2A


( a )

N A S H V I L L E V E T E R I N A R Y C L I N I C

C a s h

+

A c c o

u n t s

R e c e i v a b l e +

S u p p l i e s

+

O f f i c e

E q u i p m e n t =

N

o t e s

P a

y a b l e

+

A c c o u n t s

P a y a b l e

+

S h a r e

C a p i t a l

+

R e t a i n e d

E a r n i n g s

+

R e v e n u e s

– E x p e n s e s –

D i v i d e n d s

B a l .

1 .

2 .

3 .

4 .

5 .

6 .

7 .

8 .

$

9 , 0 0 0

– 2 , 9 0 0

6 , 1 0 0

+ 1 , 3 0 0

7 , 4 0 0

– 8 0 0

6 , 6 0 0

+ 2 , 5 0 0

9 , 1 0 0

– 1 , 0 0 0

8 , 1 0 0

– 2 , 9 0 0

5 , 2 0 0

0 0 0 , 0 0 0

5 , 2 0 0

+ 1 0 , 0 0 0

$ 1 5 , 2 0 0

+ + + + + + + + +

$ 1 , 7

0 0

0 0 , 0

0 0

1 , 7

0 0

– 1 , 3

0 0

4

0 0

0 0 , 0

0 0

4

0 0

+ 5 , 5

0 0

5 , 9

0 0

0 0 , 0

0 0

5 , 9

0 0

0 0 , 0

0 0

5 , 9

0 0

0 0 , 0

0 0

5 , 9

0 0

$ 5 , 9

0 0

+ + + + + + + + +

$ 6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

0 0 0 0

6 0 0

$ 6 0 0

+ + + + + + + + +

$

6 , 0 0 0

0 0 0 , 0 0 0

6 , 0 0 0

0 0 0 , 0 0 0

6 , 0 0 0

+ 2 , 1 0 0

8 , 1 0 0

0 0 0 , 0 0 0

8 , 1 0 0

0 0 0 , 0 0 0

8 , 1 0 0

0 0 0 , 0 0 0

8 , 1 0 0

0 0 0 , 0 0 0

8 , 1 0 0

$

8 , 1 0 0

= = = = = = = = =

+ $ 1 0 , 0 0 0

+ $ 1 0 , 0 0 0

+

$ 3 , 6 0 0

– 2 , 9 0 0

7 0 0

0 0 , 0 0 0

7 0 0

+ 1 , 3 0 0

2 , 0 0 0

0 0 , 0 0 0

2 , 0 0 0

0 0 , 0 0 0

2 , 0 0 0

0 0 , 0 0 0

2 , 0 0 0

+ 1 7 0

2 , 1 7 0

$ 2 , 1 7 0

+ + + + + + + + +

$ 1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

1 3 , 0 0 0

$ 1 3 , 0 0 0

+ 0 + + + + + + + +

$ 7 0 0

7 0 0

7 0 0

7 0 0

7 0 0

7 0 0

7 0 0

7 0 0

$ 7 0 0

+

+ $ 8 , 0 0 0

8 , 0 0 0

8 , 0 0 0

8 , 0 0 0

8 , 0 0 0

$ 8 , 0 0 0

–

– $ 1 , 7 0 0

– 9 0 0

– 3 0 0

– 2 , 9 0 0

– 1 7 0

– 3 , 0 7 0

$

3 , 0 7 0

–

– $ 1 , 0 0 0

– 1 , 0 0 0

– 1 , 0 0 0

– 1 , 0 0 0

$ 1 , 0 0 0

( a )

( b )

( c )

( d )

( e )

( f )

$ 2 9 , 8 0 0

$ 2 9 , 8 0 0


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(b) NASHVILLE VETERINARY CLINICIncome Statement

For the Month Ended September 30, 2011

Revenues

Service revenue .......................................................... $8,00Expenses

Salaries expense......................................................... $1,700Rent expense ............................................................... 900Advertising expense.................................................. 300Utilities expense.......................................................... 170

Total expenses ................................................... 3,07Net income............................................................................. $4,93

NASHVILLE VETERINARY CLINICRetained Earnings Statement

For the Month Ended September 30, 2011

Retained earnings, September 1 .................................................... $ 70Add: Net income................................................................................ 4,93

5,63Less: Dividends .................................................................................. 1,00Retained earnings, September 30.................................................. $4,63


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NASHVILLE VETERINARY CLINICStatement of Financial Position

September 30, 2011

AssetsOffice equipment................................................................... $ 8,100Supplies ................................................................................... 600Accounts receivable ............................................................ 5,900Cash .......................................................................................... 15,200

Total assets.................................................................... $29,800


Share capital—ordinary ............................................. $13,000

Retained earnings........................................................ 4,630Total equity............................................................ $17,630

LiabilitiesNotes payable................................................................ 10,000Accounts payable ........................................................ 2,170

Total liabilities...................................................... 12,170Total equity and liabilities ................................................. $29,800


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PROBLEM 1-3A

(a) YOON FLYING SCHOOLIncome Statement

For the Month Ended May 31, 2011

Revenues

Lesson revenue.................................................... W7,50Expenses

Fuel expense......................................................... W2,500Rent expense ........................................................ 1,200Advertising expense........................................... 500Insurance expense.............................................. 400Repair expense..................................................... 400

Total expenses ............................................ 5,00Net income...................................................................... W2,50

YOON FLYING SCHOOLRetained Earnings Statement


Retained Earnings, May 1.......................................... W Add: Net income........................................................ 2,50

2,50Less: Dividends ........................................................... 1,50Retained earnings, May 31........................................ W1,00

YOON FLYING SCHOOLStatement of Financial Position

May 31, 2011

AssetsEquipment.............................................................................................. W64,00Accounts receivable........................................................................... 7,20Cash ......................................................................................................... 5,60

Total assets .................................................................................. W76,80


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YOON FLYING SCHOOLStatement of Financial Position (Continued)

May 31, 2011

Equity and Liabilities

EquityShare capital—ordinary ......................................... W45,000Retained earnings.................................................... 1,000

Total equity........................................................ W46,000Liabilities

Notes payable............................................................ W30,000Accounts payable .................................................... 800

Total liabilities.................................................. 30,800Total equity and liabilities.............................................. W76,800

b) YOON FLYING SCHOOLIncome Statement


RevenuesLesson revenue (W7,500 + W900) ................. W8,400

ExpensesFuel expense (W2,500 + W1,500) ................... W4,000

Rent expense........................................................ 1,200Advertising expense .......................................... 500Insurance expense ............................................. 400Repair expense.................................................... 400

Total expenses............................................ 6,500Net income ..................................................................... W1,900

YOON FLYING SCHOOLRetained Earnings Statement

For the Month Ended May 31, 2011 Retained Earnings, May 1 ......................................... W 0Add: Net income ........................................................ 1,900

1,900Less: Dividends .......................................................... 1,500Retained Earnings, May 31....................................... W 400


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Copyright © 2011 John Wiley & Sons, Inc. Weygandt, IFRS, 1/e, Solutions Manual (For Instructor Use Only) 1

( a )

M I

L L E R

D E L I V E R I E S

A s s e t s

L i a b i l i t i e s

E q u i t y

R e t a i n e d E a r n i n g

s

D a t e

C a s h

+

A c c o u n t s

R e c e i v a b l e +

S u p p l i e s

+

D e l i v e r y

V a n

=

N o t e s

P a y a b l e

+

A c c o u n t s

P a y a b l e

+

S

h a r e

C a p i t a l

+

R e v e n u e s

– E x p e n s e s

–

D i v i d e n d s

J u n e

1

J u n e

2

J u n e

3

J u n e

5

J u n e

9

J u n e 1 2

J u n e 1 5

J u n e 1 7

J u n e 2 0

J u n e 2 3

J u n e 2 6

J u n e 2 9

J u n e 3 0

$ 1 0 , 0 0 0

+

– 2 , 0 0 0

8 , 0 0 0

+

– 5 0 0

+

7 , 5 0 0

+

7 , 5 0 0

+

– 2 0 0

7 , 3 0 0

–

7 , 3 0 0

+

+ 1 , 2 5 0

8 , 5 5 0

+

8 , 5 5 0

+

+ 1 , 5 0 0

1 0 , 0 5 0

– 5 0 0

+

9 , 5 5 0

– 2 5 0

9 , 3 0 0

– 1 0 0

9 , 2 0 0

– 1 , 0 0 0

$

8 , 2 0 0

+ + + + + + + + + + + +

+ $ 4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

– 1 , 2 5 0

3 , 1 5 0

3 , 1 5 0

3 , 1 5 0

3 , 1 5 0

3 , 1 5 0

3 , 1 5 0

$ 3 , 1 5 0

+ + + + + + + + + +

+ 0 5 0

+ $ 1 5 0

1 5 0

1 5 0

1 5 0

1 5 0

1 5 0

1 5 0

1 5 0

$ 1 5 0

+ + + + + + + +

+ $ 1 2 , 0 0 0

1 2 , 0 0 0

+ 1 2 , 0 0 0

+ 0 0 1 2 , 0 0 0

+

1 2 , 0 0 0

1 2 , 0 0 0

1 2 , 0 0 0

1 2 , 0 0 0

+ 1 2 , 0 0 0

1 2 , 0 0 0

1 2 , 0 0 0

1 2 , 0 0 0

$ 1 2 , 0 0 0

= = = = = = = = = = = =

+ $ 1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

– 5 0 0

9 , 5 0 0

9 , 5 0 0

9 , 5 0 0

$

9 , 5 0 0

+ + + + + + + + + + + +

+ $ 1 5 0

+

1 5 0

0 0 +

1 5 0

+ 1 0 0

+

2 5 0

+

2 5 0

+ 0 2 5 0

+ 0 +

0 2 5 0

– 1 0 0

1 5 0

$ 1 5 0

+ + + + + + + +

+ $ 1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

1

0 , 0 0 0

$ 1

0 , 0 0 0

+ + + + + + + + + + + +

$ 4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

4 , 4 0 0

1 , 5 0 0

5 , 9 0 0

5 , 9 0 0

5 , 9 0 0

5 , 9 0 0

$ 5 , 9 0 0

– – – – – – – – – –

– $

5 0 0

– 5 0 0

– 5 0 0

– 5 0 0

– 5 0 0

– 5 0 0

– 1 0 0

– 6 0 0

– 6 0 0

– 6 0 0

– 2 5 0

– 8 5 0

– 8 5 0

– 1 , 0 0 0

$ 1 , 8 5 0

– – – – – – – – –

– $ 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

– 2 0 0

$ 2 0 0

( a )

( b )

( c )

( d )

( e )

( f )

( g )

$ 2 3 , 5 0 0

$ 2 3 , 5 0 0

PROBLEM 1-4A


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Key to Retained Earnings Columna) Rent expense (e) Service revenueb) Service revenue (f) Utilities expensec) Dividends (g) Salaries expensed) Gasoline expense

b) MILLER DELIVERIESIncome Statement

For the Month Ended June 30, 2011

RevenuesService revenue ($4,400 + $1,500)......................... $5,900

ExpensesSalaries expense......................................................... $1,000Rent expense................................................................ 500

Utilities expense.......................................................... 250Gasoline expense ....................................................... 100

Total expenses.................................................... 1,850Net income............................................................................. $4,050

c) MILLER DELIVERIESStatement of Financial Position

June 30, 2011

AssetsDelivery Van........................................................................... $12,000Supplies .................................................................................. 150Accounts receivable ........................................................... 3,150Cash ......................................................................................... 8,200

Total assets................................................................... $23,500


Share capital—ordinary ............................................ $10,000

Retained earnings....................................................... 3,850Total equity........................................................... $13,850

LiabilitiesNotes payable............................................................... 9,500Accounts payable ....................................................... 150

Total liabilities..................................................... 9,650Total equity and liabilities................................................. $23,500


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PROBLEM 1-5A

(a) KarmaCompany

YatesCompany

McCainCompany

DenchCompany

(a) $ 45,000 (d) $50,000 (g) $120,000 (j) $ 80,0

(b) 115,000 (e) 62,000 (h) 70,000 (k) 250,0(c) 10,000 (f) 48,000 (i) 431,000 (l) 435,0

(b) YATES COMPANYRetained Earnings Statement


Retained earnings, January 1................................. $20,00

Add: Net income....................................................... 35,00 55,00

Less: Dividends ......................................................... 48,00Retained earnings, December 31 .......................... $ 7,00

(c) The sequence of preparing financial statements is income statemeretained earnings statement, and statement of financial position. Tinterrelationship of the retained earnings statement to the other financ

statements results from the fact that net income from the incostatement is reported in the retained earnings statement and endretained earnings reported in the retained earnings statement is tamount reported for retained earnings on the statement of financposition.


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PROBLEM 1-1B


( a )

M A

T R I X T R A V E L A G E N C Y

E q u i t y

R e t a i n e d E a r n i n g s

C a s h

+

A c c o u n t s

R e

c e i v a b l e

+

S u p p l i e s

+

O f f i c e

E q u i p m e n t =

A c c o u n t s

P a y a b l e

+

S h a r e

C a p i t a l

+

R e v e n u e s

– E x p e n s e s – D i v i d e n d s

1 .

2 .

3 .

4 .

5 .

6 .

7 .

8 .

9 .

1 0 .

+ € 1 0 , 0 0 0

+

1 0 , 0 0 0

+

– 4 0 0

+

9 , 6 0 0

+

– 2 , 5 0 0

+

7 , 1 0 0

+ 0 0 0 , 0 0 0

+

7 , 1 0 0

+

– 6 0 0

+

6 , 5 0 0

–

+ 3 , 0 0 0

+

9 , 5 0 0

+

– 2 0 0

+

9 , 3 0 0

+

– 3 0 0

+

9 , 0 0 0

+

– 2 , 2 0 0

+

6 , 8 0 0

–

+ 4 , 0 0 0

+ € 1 0 , 8 0 0

+ + + + +

+

€ 6 , 5 0 0

+

6 , 5 0 0

+

0 , 0 0 0

+

6 , 5 0 0

+

0 , 0 0 0

+

6 , 5 0 0

+

0 , 0 0 0

+

6 , 5 0 0

+

– 4 , 0 0 0

+

€ 2 , 5 0 0

+ + + + + +

+ € 6 0 0

+

6 0 0

+ 0 0 0 0

+

6 0 0

+ 0 0 0 0

+

6 0 0

+ 0 0 0 0

+

6 0 0

+ 0 0 0 0

+

6 0 0

+ + € 6 0 0

+ + + + + + + +

+ € 2 , 5 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ 0 0 , 0 0

0

+

2 , 5 0

0

+ € 2 , 5 0

0

= = = = = = = = = =

+ € 3 0 0

+

3 0 0

+ 0 0 0 0

+

3 0 0

+ 0 0 0 0

+

3 0 0

+ 0 0 0 0

+

3 0 0

+ – 3 0 0

+

0

+ 0 0 0 0

+ + €

0

+ + + + + +

+ € 1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

1 0 , 0 0 0

€ 1 0 , 0 0 0

+ + + + + +

+

+ 0 0 0 , 0 0 0

– € 9 , 5 0 0

+

9 , 5 0 0

+

9 , 5 0 0

+ 0 0 0 , 0 0 0

+

9 , 5 0 0

+

9 , 5 0 0

+ + € 9 , 5 0 0

– – – – – – – – – – – –

€

4 0 0

4 0 0

4 0 0

3 0 0

7 0 0

7 0 0

7 0 0

7 0 0

7 0 0

2 , 2 0 0

2 , 9 0 0

€ 2 , 9 0 0

– – – – –

€ 2 0 0

ifrs ch01 tb

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