HI 5001 Assessment 2 Marking sheet – Trimester 2_2014 Student ID: Student Name: Max Marks 30 Assessable Actual Total Assessment criteria PART Mark Mark What is the interest expense for 2013 a. 2 How much equipment was purchased during the year? b. 2 What was the depreciation expense for 2013? c. 2 Were any share issues? If any, calculate the value. d. 2 How much in dividend was paid during the year e. 2 20123 How much cash was received from customers during f. 2 the year? How much was paid in tax? g. 2 14 Part B Marks Scenario 1 Prepare the income statement of Deagan Lawn a) 2 Service for the four months Prepare the classified balance sheet of Deagan Lawn b) 2 Service at 31 August Was Deagan’s summer work successful? Give the c) 1 reason for your answer Whether the Report Address the following? Scenario 2 Will you use the cash basis or the accrual basis of accounting? Give a complete description of your a) reasoning. 2 How often do you want financial statements? Why? Discuss how you will use each financial b) 2 statement What kind of revenue will you earn? When will you record it as revenue? How will you decide c) when to record the revenue? 1 On behalf of Brent and Den write a loan request Scenario 3 include the followings: The request should specify all the details of Brent’s and Den’s plan that will motivate the bank to grant the loan. Include a budgeted income statement for the first 6 six months of the copy centre’s operation. TOTAL 16 Net Total 30% Assessor’s Comments: 1 HI5001 Group Assignment Marking Criteria T2_2014