QUIZ II
61106 Principles of Accounting
Name;
ID.No;
QUESTION I;
X A.Ş. is established on Jan.1.2004 by 5 shareholders investing 25.000 YTL. each .
The annual net income for 2004 is announced as 30.000 YTL.In the shareholders meeting
40% dividend decision is taken.
A) Prepare the EQUITY part of the balance sheet as of Dec.31.2004
B) What is the amount of dividend each shareholder is entitled to get
QUESTION II;
Q A.Ş. is a Nike Sports Wear seller.Related informations are presented below;
- Q A.Ş. is working with 17% gross earning ratio .
- Total sales of the month 150.000 YTL.
- Total sales returns in the same month 15.000 YTL.
Calculate; NET SALES
__________________________YTL.
GROSS PROFIT
__________________________ YTL.
COST %
__________________________
QUESTION III;
Z Corporation ‘s related informations as of Dec.31.2005 are;
- Authorized common stock 180.000 YTL.
- Common Stock 140.000 YTL.
- Jan.1.2005 Retained Earnings 35.000 YTL.
- Year 2005 annual income is 70.000 YTL.
- 30% dividends declared from income
Answer the following;
1) Prepare the EQUITY part as of Dec.31.2005
2) If Z Corp. Decides to increase common stock to which extend it is available 
3) Dividend decision couses is reflected in which of the below
a.
b.
c.
d.
Current assets increases; equity increases
Current assets decreases; equity decreases
Current liabilities increases; equity decreases
Current liabilities decreases; equity increases