WebDec 1, 2024 · On 5 January 2016 it was announced that electronics retailer Dick Smith has gone into receivership, with Ferrier Hodgson appointed to run the firm. Using the financial statements, Consolidated Statement of Profit or Loss and Other Comprehensive Income (Income Statement), Consolidated Statement of Financial Position (Balance Sheet): 1. WebThe only way Smith could have knowingly received $500,000 in refunds is through a self managed super fund (SMSF) or DIY super fund* since any assets held in SMSFs and …
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WebMar 11, 2016 · Subsequent financial information concerning inventory appears to have been untimely. On 30 November 2015, Dick Smith surprised the market by announcing it required an inventory write-down of $60 million - even though the three months before, the company’s financial statements for 28 June 2015 were audited with no adverse findings. WebMar 20, 2024 · Those directors are now liable to compensate Dick Smith for not only the dividends they received on their shares but the entire $28.3 million paid in distributions in 2015 as well as about $189... how many stocks should i buy in one company
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Webb. Dick Smith purchases a TV for $100, and the TV is sold for $150 by the end of June. JOURNAL ENTRIES. To record the purchase of the TV: Inventories 100 Cash 100 To record the sale of the TV: Cash 150 Revenue 150 Cost of Sales 100 Inventories 100. To close the increase in Income Summary: Income Summary 50 Retained Earnings 50 WebMar 18, 2024 · Dick Smith Holdings reported the current asset of 1.26 and 1.23 for 2014 and 2015. It is evident that JB Hifi is superior to Dick Smith is discharge of its short-term obligations (Pratt 2013). The cash ratio of JB Hifi reported for the financial year 2015 was 0.13 whereas Dick Smith reported 0.09 for the year 2015 this represents that cash and ... WebMar 18, 2024 · Supreme Court Justice James Stevenson has approved the $25 million settlement agreement for a trio of class actions brought over the collapse of electronics retailer Dick Smith Holdings, but... how did the mamas and papas begin