Case Chapter 7 Cash and Receivables 1. Petty Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions
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“The Raven” written by Edgar Allan Poe during the 1800’s which was considered the Romantic Era of writing. This story tells of a man mourning over his lost love‚ Lenore. He was sitting reading to get his mind off his love‚ but there was a sound from the chamber door. When he goes to check there is nothing. He then discovers the Raven above his door. He sits down and asks the raven questions. The Raven responds with “Nevermore”. The young man thinks he is going crazy because he catches a strong smell
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ISSN: 2348 9510 International Journal Of Core Engineering & Management (IJCEM) Volume 1‚ Issue 8‚ November 2014 Comparison Between Ocean Strategies Prof.V.Raghu Raman Sr.Fculty IBRA College of Technlogy OMAN 44 ISSN: 2348 9510 International Journal Of Core Engineering & Management (IJCEM) Volume 1‚ Issue 8‚ November 2014 Abstract This paper aims to justify the arguments made concerning to different ocean strategies with regard to the marketing environment. In this paper the theories and articles
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Running head: MATHEMATICAL CONNECTION PROJECT Mathematical Connection Project University of Phoenix MTH 110 The Impact of Mathematics on Daily Social Activities In society today people deal with some kind of problem solving method that involves math. Thanks to the mathematicians from the past and present we are able to evolve as a society with advancements on medicine‚ technology and able to travel into space. The impact that Euclid‚ Al-Khwarizmi‚ Rudolf Laban
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Goodwill (Don’t Use Calculation) "Goodwill= Cash Paid -FV of Net Assets (BV + FV adjustments) + NCI (based on FV of Net Assets) " Note: If the Full Price (Controlling + Non Controlling) is given‚ use the Full Price * (Non Controlling %) instead of the NCI (based on FV of Net Assets) - 2013M2-54 2007-92‚ 2008-90 Goodwill for Consolidate Balance Sheet (IFRS - Public Company) "Fair value Based on Purchase on Jan 1($808‚000+$292‚000) $1‚100‚000 Carrying value of
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Cash Flow analysis Introduction Clearly‚ income statements and statements of financial position are the most common financial documents available to the public. But managers who make financial decisions may find themselves at something of a loss if they only have these two documents (reports on past performance) on which to base their decisions for today and into the future. Financial managers and investors‚ however‚ are far more interested in actual cash flows than they are in somewhat
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Assign 2-3 Cash Larceny Scheme Case Joshua Boger BSFR 341-E1WW Professor Sherry Kamradt June 1‚ 2012 The case study involving the bank teller gets nabbed for theft is one that I can see happening quite often especially in a small bank or community bank that does not do the proper back ground checks need. In this case we are looking at cash larceny –vs. - skimming. Cash larceny is the intentional taking away of employer’s cash (currency/checks) without the consent‚ and against the will‚
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Statement of cash flows Cash is the blood of a business – it has to flow evenly. Holding plenty of cash is never a bad thing but there are exceptions to this as well. On the other hand‚ too much outflow in one area is the equivalent of getting shot and seeing blood pour out from the hole. The basic and key idea is that cash is what a company needs to be healthy and generate earnings. What Is Statement of Cash Flows? The Statement of Cash Flows (SCF) is distinct from the Statement of Comprehensive
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Petty cash fund is a relatively small amount of cash that businesses keep on hand for the purpose of small transactions such as providing change to customers‚ postage expenses‚ highway tolls etc. In such transactions‚ the use of checks is time consuming‚ costly or illogical. Usually a custodian is appointed to administer the petty cash and it is his/her duty to account for the expenses incurred out of petty cash fund. Whenever the custodian makes any payment from the fund to an employee or a customer
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changes in cash and cash equivalents of an entity by means of a statement of cash flows‚ which classifies cash flows during the period according to operating‚ investing‚ and financing activities. Fundamental principle in IAS 7 All entities that prepare financial statements in conformity with IFRSs are required to present a statement of cash flows. [IAS 7.1] The statement of cash flows analyses changes in cash and cash equivalents during a period. Cash and cash equivalents comprise cash on hand and
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