Roll No. . Total No. of Questions - 7 TimeAllowed-3 Hours (a) From the following information, you are and adjusted earnings per share : Net profit for 2013-14 Net profit for 2014-15 No. of shares issued before rights issue Right issue Right issue price Last date of exercising right option Fair value of shares before right issue Total No. of Printed Pages - 16 Maximum Marks - 100 { I I lakhs < 15 lakhs 5 lakhs One for every 5 held ( 15 per share 0 1-06-2014 < 2l per share \ PAC Answer to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate, who has not opted for Hindi Medium, answers in Hindi, his/her answers in Hindi will not be valued. Question No. I is compulsory. Candidates are required to answer any five questions from the remaining six questions. Working notes should form part of the respective answers. Wherever necessary, candidates are permitted to make suitable assumptions which should'be disclosed by way of note. Marks required to compute the basic 4xS :20 1. PAC B.I'o' Get More Updates From http://cawinners.com/ Join with us https://www.facebook.com/groups/CawinnersOfficial/
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PAC - · PDF fileprepare for X Ltd., Group Balance-Sheet as on 3l't March,2015 along with ... Cash Flow ( in Lakhs) 2800 3200 ... { Ltd. following:
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Roll No. .
Total No. of Questions - 7
TimeAllowed-3 Hours
(a) From the following information, you are
and adjusted earnings per share :
Net profit for 2013-14
Net profit for 2014-15
No. of shares issued before rights issue
Right issue
Right issue price
Last date of exercising right option
Fair value of shares before right issue
Total No. of Printed Pages - 16
Maximum Marks - 100
{ I I lakhs
< 15 lakhs
5 lakhs
One for every 5 held
( 15 per share
0 1-06-2014
< 2l per share
\
PAC
Answer to questions are to be given only in English except in the case of candidates who
have opted for Hindi Medium. If a candidate, who has not opted for Hindi Medium,
answers in Hindi, his/her answers in Hindi will not be valued.
Question No. I is compulsory.
Candidates are required to answer any five questions from the
remaining six questions.
Working notes should form part of the respective answers.
Wherever necessary, candidates are permitted to make suitable assumptions
which should'be disclosed by way of note.
Marks
required to compute the basic 4xS:20
1.
PAC B.I'o'
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(2)
PAC Marks
(b) Fine Ltd., accluired a rrrachine on l" April2009 for { l4 crore that had
an estimated useful life of 7 years. The rnachine is depreciated on
straight line basis and does not carry any residual ''u'alue. Otr l" April.
2013, the can'ying value of the rnachine was reassessed at ( 10.20 crore
ancl the surplus arising out of the revaluation being creclited to
revaluation reserve. F.or the year ended 3 l" March 20 I 5, conditions
inclicating arl irnpairment of the urachine existed and the anrount
recoverable ascertained to be only < 140 lakhs.
You are required to calculate the loss on impaimrent of the rnachine and
show how this loss is to be treated in the books of Fine Ltd.
Fine Ltcl., had followed the policy of writing dorvn the revaluatiotl
surplus by the increasecl charge of depreciation resulting from the
revaluation.
(c) Sagar Future is a non-banking finance conlpany. [t makes available to
you the costs and market price of various investurents held by it as on
3l-03-2015 as under :
(Figures t in Lakhs)
Scripts : Cost Market Price
A. Equit5, Shares -A
B
C
D
E
F
G
60.00
31.50
60.00
60.00
90.00
7 5.00
30.00
6t.20
24.00
36.00
120.00
105.00
90.00
6.00
IPAC
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(3)
PAC Marks
Can the company adjust depreciation of a particular item of
investment within a categorY ?
(ii) What should be the value of investments as on 31.03 .2015 ?
(iii) Is it possible to off-set depreciation in investment in mutual fund
against appreciation of the value of investment in equity shares
and government securities ?
(cl) As on l't April ,2014,the fair value of planned assets was t 1,00,000 in
respect of a pension plan of Zeleous Ltd. On 30th Septembet,2014, the
plan paid out benefits of { 19,000 and received inward contribution of
( 1,50,000 and present value of the defined benefit obtigation was
were ( 600.
(i)
B. Mutual Funds -MF.1
MF.2
MF.3
39.00
30.00
6.00
24.00
2l .00
9.00
C. Government Securities -GV-l
GV-2
60.00
75.00
66.00
72.00
PAC P.T.0.
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(4)
PAC ' *arksOn l" April, 2014, the company made the following estimates, based
on its market studies, understanding and prevailing prices :
%
Interest & dividend income, after tax payable by the
fund
Realised and unrealised gains on plan assets (after tax)
Fund administrative costs
Expected rate of return
9.25
2.00
-1.00
10,?5
You are required to find the expected and acfual returns on plan assets.
2. White Ltd. has 2 divisions, E and N,
assets and'liabilities in the company's
are given below :
Fixed Assets
Cost
Less : Depreciation
Written-Down Value
Investments
Current Assets
Less : Current
Liabilities
Net Current Assets
and their respective shares of various
balance sheet as on 3 I " March, 2015
( in LakhsE Division N Division Total
16
975
340
90s
t75
525 645
275 305
340 v/ 590
-/510
240
Total
PAC
250
1670
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