Assuming the same information as in question 4, Parmalane should report the following using a one-statement approach under IFRS:

(a) net income of $260,000 and comprehensive income of $270,000.

(b) net income of $270,000 and comprehensive income of $260,000.

(c) other comprehensive income of $10,000 and comprehensive income of $270,000.

(d) other comprehensive loss of $10,000 and comprehensive income of $250,000.

Analyzing the Reclassification of Debt – PepsiCo, Inc., is a $25 billion company in the beverage, snack food, and restaurant businesses. PepsiCo’s annual report included the following note:

At year-end, $3.5 billion of short-term borrowings were reclassified as long-term, reflecting PepsiCo’s intent and ability to refinance these borrowings on a long-term basis, through either long-term debt issuances or rollover of existing short-term borrowings. As a result of this reclassification, PepsiCo’s quick ratio improved from 0.21 to 0.59. Do you think the reclassification was appropriate? Why do you think management made the reclassification? As a financial analyst, would you use the quick ratio before the reclassification or after the reclassification to evaluate PepsiCo’s liquidity?

Ganesh, a Graduate from Lincoln University Business & Management’s Geneva Business School, who is now working as an Economist with the UAE Ministry of Finance, advises you that interest rates will rise for the next 25-years.

i. Do you think that it is advisable for Marwan to get a fixed or floating rate loan for the whole period if this is the case?

Part (c) Harish, a Graduate from Lincoln University Business & Management’s Geneva Business School, who is now working as an Economist with the Standard Chartered Bank in Dubai, advises you that interest rates will fall over the next 25-years.

i. Do you think that it is advisable for Marwan to get a fixed or floating rate loan for the whole period if this is the case?

[Expected: 1-Paragraph of between 7-8 lines of a concise argument with rational evidence backing the answer]

Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,500; second year, $10,500; third year, $25,000; fourth year, $60,000. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest whole cent. If no dividends are paid in a given year, ent

1. Consider a dual-pressure combined cycle power plant such as the one represented in Figure 8.21. Using balance equations (see Table 8.4) and reasonable assumptions determine the plant efficiency and assess its specific emission parameters.

2. Use literature sources (e.g., the work by Guan et al., 2010) to design an advanced IGPP based on the layout in Figure 8.23. Compare the plant performance (efficiency and specific emission) to that of the plant shown in Figure 8.22 under similar working conditions.