CASE 1

ABBEY PLC
Statement of Financial Position
December 31, 2019
Assets
Non-current assets
Property,plan and equipment
Equipment 48000
Less Accumulated Depreciation Equipment 9000
Total Property, plant and equipment

Intangible Assets
Trademark

Current Assets
Supplies 1200
Prepaid Insurance 1000
Cash 6850
Total Current Assets
Total Assets

Equity and Liabilities

Equity
Share capital Ordinary 10000
Retained Earnings 17500
Total Equity
Non current liabilities
Bonds payable 9000
Current Liabilities
Account payable 10000
Salary and Wages payable 500
Unearned service revenue 2000
Total current liabilities 12500
Total Liabilities
Total quity and liabilities
 CASE 2 2015 2014
Investment 52000 74000
Equipment 298000 240000
Less Accumulated Depreciation 106000 89000
Accounts Recieveable 180000 185000
Cash 157000 78000
Share capital ordinary 160000 160000
Retained Earnings 287000 177000
Current Liabilities 134000 151000

39000
Yoon Coorporation
Cash Flow
950 For the Year Ended December 31 201
in ($00,00)

Cash Flow From Operating Service

Net Income
Adjustment To Reconcile Net income to Net Cash
9050 Provided by Operating Activities
49000 Depreciation Expense
Decrease in Accounts Recievable
Decrease in Current Liabilities
Net Cash Provided by Operating activities
Cash Flow from Investment Activities
Purchase of Equipment
27500 Investment
Net Cash provided by investment activities
Cash Flow from financial activities
Dividend Paid
Net cash provided by financial activities
Net Increase in cash
Cash at beginning of year
Cash at end of year
21500
49000
 Increasing/ Decreasing
22000
58000
17000
5000
79000
-
110000
17000

Coorporation

ded December 31 2015

160000

17000
5000
17000
5000

58000
22000
36000

50000
50000
79000
78000
157000
 Case 3

Operating Segment Total Revenue Operating Profit (Loss)

W 60000 15000
X 10000 1500
Y 23000 2000
Z 9000 1000
102000 15500

Test
A Revenue Test 102000 x 10%= 10200

B Operating Profit Test 17500 x 10%= 1750

C Identifiable Assets Test 290000 x 10%= 29000

Identifiable Assets
167000
83000
21000
19000
290000

Greater than Test

(W and Y Segment)

(W and Y Segment)

(W and X Segment)